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2320 South Mansfield Avenue

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

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

Danni Shen

Harvest Realty Development

Broker

$3.2M

vol

1 deal

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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