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
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.
Players
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93