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Danni Shen & Xianghui Zhou Broker $3.16M Sale Of Los Angeles Multifamily Property

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SOLD
$3,160,000

California

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MultiFamily5,303 SF
Sold 05/17/2024
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Property Image
SOLD

Danni Shen & Xianghui Zhou Broker $3.16M Sale Of Los Angeles Multifamily Property

2320 South Mansfield Avenue

See Similar Deals
MultiFamily5,303 SF
Sold 05/17/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$595
Total Square Footage:5,303 SF
Transaction Type:Sale

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

DS
1 deal$3.2M volume
BROKER

Details

SOLD
IMAGE: Xianghui Zhou DATE: 05/17/2024 ADDRESS: 2320 South Mansfield Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BROKERS: Danni Shen & Xianghui Zhou - Harvest Realty Development SALE PRICE: $3,160,000 UNITS: 3 ~ PPU: $1,053,333 SF: 5,303 ~ PPSF: $596 NOTE: 2320 South Mansfield Avenue in Los Angeles sold for $3.16 million, featuring a main house and a duplex with three units priced at $1,053,333 each. Built in 2019, the property includes 12 bedrooms and 12 bathrooms, hardwood floors, and convenient access to major freeways and local attractions.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,226.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,980.01
Annual Debt Service$179,760.15