Updated Dec 20, 2023
Daniel Hirth Acquires 16-Unit Multifamily Property On Crenshaw Blvd In West Adams For $957.5K
2254 Crenshaw Boulevard, Los Angeles, CA, USA
$957,500
$316/SF
Building Size
3,028 SF
Asset Type
MultiFamily
Closing
Sep 4, 2019
About this deal
AI
The multifamily property located at 2254 Crenshaw Boulevard in West Adams was recently sold. The transaction took place on September 5, 2019, and the property was sold for a price of $957,500. The property spans over 3,028 square feet, resulting in a price per square foot of $316.22.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $957,500
- Address: 2254 Crenshaw Boulevard, West Adams
- Market: West Adams
The sale of this property was brokered by Daniel Hirth. The transaction presents a potential development deal, which could involve the construction of 16 apartments. It's important to note that this property falls within the TOC Tier 2, adding to its development potential in the future.
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
16.57%
Cash-on-Cash
-4.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93