Gayle Pritchett Acquires 6-Unit Multifamily In Los Angeles For $2.33M
2103 South Harcourt Avenue
$2,330,000
$448/SF
Building Size
5,190 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
AI
The multifamily property located at 2103 South Harcourt Avenue in Los Angeles has been sold in a recent transaction. The sale took place on 03/31/2023, with a sale price of $2,330,000. The property consists of 6 units, giving a per unit price of $388,333. The total square footage of the property is 5,190, resulting in a price per square foot of $449.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,330,000
- Units: 6
- Price per Unit: $388,333
- Square Footage: 5,190
- Price per Square Foot: $449
The buyer of the property is Gayle Pritchett, while the seller is Glen Gunawam. Gayle Pritchett was represented by Morgan Mcmullin from Partners CRE, and Glen Gunawam was represented by Andres Diaz from Keller Williams.
Players
Market 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
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93