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Dana Brody Of Marcus & Millichap Acquires Los Angeles Multifamily Property For $2M As Buyer's Rep
SOLD
California
See Similar DealsMultiFamily11,096 SF
Sold 04/01/2024
SOLD
Dana Brody Of Marcus & Millichap Acquires Los Angeles Multifamily Property For $2M As Buyer's Rep
209 South Rampart Boulevard
See Similar DealsMultiFamily11,096 SF
Sold 04/01/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$180
Total Square Footage:11,096 SF
Transaction Type:Sale
A multifamily property located at 209 South Rampart Boulevard in Los Angeles was sold for $2 million. The property comprises 16 units, including 14 one-bedroom and 2 two-bedroom units, situated in a densely populated area with proximity to parks, shopping centers, and downtown.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 16
- Price Per Unit: $125,000
- Square Footage: 11,096
- Price Per Square Foot: $180
- Acres: 0.29
- Address: 209 South Rampart Boulevard
- Market: Los Angeles
The buyer's representative for the transaction was Dana Brody from Marcus & Millichap, while the seller's representatives were Michael Weaver and Robert Leighton from Rodeo Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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