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209 South Rampart Boulevard

Dana Brody Of Marcus & Millichap Acquires Los Angeles Multifamily Property For $2M As Buyer's Rep
SOLDMultiFamily

Dana Brody Of Marcus & Millichap Acquires Los Angeles Multifamily Property For $2M As Buyer's Rep

209 South Rampart Boulevard

$2,000,000

$180/SF

Building Size

11,096 SF

Asset Type

MultiFamily

Closing

Apr 1, 2024

AI

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.

Players

Dana Brody

Marcus & Millichap

Broker

$105.4M

vol

11 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93