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James Mallory Acquires Multifamily Property In Highland Park For $1M

Property Image
SOLD
$1,000,000
Ryan Rothstein-Serling
Martin Agnew
Bradley (Brad) Wetherby
+ 2

California

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MultiFamily3,310 SF
Sold 08/11/2021
the dealplayerscompscontact
Property Image
SOLD

James Mallory Acquires Multifamily Property In Highland Park For $1M

233-235 N Ave 55, Northeast Los Angeles, Los Angeles, CA, USA

See Similar Deals
MultiFamily3,310 SF
Sold 08/11/2021
Ryan Rothstein-Serling
Martin Agnew
Bradley (Brad) Wetherby
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$302
Total Square Footage:3,310 SF
Transaction Type:Sale

A multifamily property located at 233-235 N. Ave. 55 in Highland Park has been sold for $1,000,000. The property spans 3,310 square feet, resulting in a price per square foot of $302. The transaction took place on 08/11/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $1,000,000
  • Address: 233-235 N. Ave. 55, Highland Park
  • Market: Highland Park

The buyer of the property is James Mallory, while the sellers are Donnalee Warren and Dorothy Whiting. The deal was facilitated by Brad Wetherby, Ryan Serling, and Martin Agnew of Marcus & Millichap. They represented both the buyer and the sellers in this transaction.

Players

Martin Agnew
Marcus & Millichap
Martin Agnew
119 deals$436.8M volume
BROKER
Ryan Rothstein-Serling
Marcus & Millichap
Ryan Rothstein-Serling
122 deals$509.8M volume(818) 212-2725
BROKER
Bradley (Brad) Wetherby
Marcus & Millichap
Bradley Wetherby
16 deals$32.4M volume
BROKER
DW
Donnalee Warren
4 deals$5.7M volume
SELLER
DW
Dorothy Whiting
4 deals$5.7M volume
SELLER

Details

SOLD
IMAGE: Brad Wetherby, Ryan Serling & Martin Agnew DATE: 08/11/2021 ADDRESS: 233-235 N. Ave. 55 MARKET: Highland Park ASSET TYPE: Multifamily BUYER: James Mallory SELLER: Donnalee Warren & Dorothy Whiting BROKERS: Brad Wetherby (@BradWetherby), Ryan Serling (@RyanRS14) & Martin Agnew (@MartyAgnew) (@AgnewSerlingGroup) - Marcus & Millichap SALE PRICE: $1,000,000 SF: 3,310 ~ PPSF: $302

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12