Updated Sep 9, 2024
Jared Levine And Hirsch Sherman Acquire Multifamily Property On S Bonnie Brae Street For $1.2M
220 South Bonnie Brae Street, Los Angeles, CA 90057, USA
$1,225,000
$192/SF
Building Size
6,353 SF
Asset Type
MultiFamily
Closing
Jun 27, 2019
About this deal
AI
The multifamily property located at 220 S Bonnie Brae Street was recently sold. The sale took place on 06/28/2019 for a total price of $1,225,000. The property has a total area of 6,353 square feet and a price per square foot of $192.82. It consists of 6 units, with a price per unit of $204,166. The capitalization rate for this investment is 3.75%, and the gross rent multiplier is 14.29.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 220 S Bonnie Brae Street
- Price per Square Foot: $192.82
- Units: 6
- Price per Unit: $204,166
- Capitalization Rate: 3.75%
- Gross Rent Multiplier: 14.29
- Date: 06/28/2019
The sale of this multifamily property was facilitated by the brokers Jared Levine and Hirsch Sherman from the JML Real Estate Group.
On the Map
$1,225,000
$192/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jared Levine to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93