Gayle Pritchett Acquires 6-Unit Multifamily In Los Angeles For $2.33M
SOLD
$2,330,000
California
See Similar DealsMultiFamily5,190 SF
Sold 03/31/2023
SOLD
Gayle Pritchett Acquires 6-Unit Multifamily In Los Angeles For $2.33M
2103 South Harcourt Avenue
See Similar DealsMultiFamily5,190 SF
Sold 03/31/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$448
Total Square Footage:5,190 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,277.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,045.39
Annual Debt Service$132,544.66
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