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2103 South Harcourt Avenue

Gayle Pritchett Acquires 6-Unit Multifamily In Los Angeles For $2.33M
SOLDMultiFamily

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

Andres Diaz

Keller Williams Realty

Broker

$55.6M

vol

16 deals

Broker

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