Danni Shen & Xianghui Zhou Broker $3.16M Sale Of Los Angeles Multifamily Property
2320 South Mansfield Avenue
$3,160,000
$595/SF
Building Size
5,303 SF
Asset Type
MultiFamily
Closing
May 17, 2024
AI
Located at 2320 South Mansfield Avenue in Los Angeles, this multifamily property was recently sold for $3.16 million. The property consists of a main house and a duplex with a total of three units, each priced at $1,053,333. Built in 2019, the property spans 5,303 square feet and boasts 12 bedrooms and 12 bathrooms. It features hardwood floors and offers convenient access to major freeways and local attractions.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,160,000
- Units: 3
- Price per Unit: $1,053,333
- Square Footage: 5,303
- Price per Square Foot: $596
- Address: 2320 South Mansfield Avenue
- Market: Los Angeles
The sale of this property was facilitated by brokers Danni Shen and Xianghui Zhou from Harvest Realty Development. They played a key role in the transaction, representing the parties involved in the deal and ensuring a successful completion of the sale.
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
5.02%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93