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Jared Levine And Hirsch Sherman Acquire Multifamily Property On S Bonnie Brae Street For $1.2M

Property Image
SOLD
$1,225,000
Jared Levine
Hirsch Sherman

California

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MultiFamily6,353 SF
Sold
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Property Image
SOLD

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

See Similar Deals
MultiFamily6,353 SF
Sold
Jared Levine
Hirsch Sherman
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$192
Total Square Footage:6353 SF
Transaction Type:Sale

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

Jared Levine
Jared Levine
22 deals$100.5M volume(818) 657-6556
BROKER
Hirsch Sherman
Keller Williams Realty
Hirsch Sherman
23 deals$103.3M volume
BROKER

Details

SOLD
IMAGE: Hirsch Sherman & Jared Levine @jmlrealestategroup DATE: 06/28/2019 ADDRESS: 220 S Bonnie Brae Street ASSET TYPE: Multifamily PRICE: $1,225,000 SF: 6,353 PPSF: $192.82 UNITS: 6 PPU: $204,166 CAP: 3.75% GRM: 14.29 BROKERS: @jmlrealestategroup Jared Levine, Hirsch Sherman

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
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