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252 South New Hampshire Avenue

New Hampshire LLC Purchases 19-Unit Multifamily Property At 252 South New Hampshire Avenue For $4.24M
SOLDMultiFamily

New Hampshire LLC Purchases 19-Unit Multifamily Property At 252 South New Hampshire Avenue For $4.24M

252 South New Hampshire Avenue

$4,237,000

Building Size

Asset Type

MultiFamily

Closing

Jul 31, 2024

AI

A multifamily property consisting of 19 units was sold at 252 South New Hampshire Avenue, located in the Los Angeles market. The sale price was $4,237,000, achieving a price per unit of $223,000.

Summary of transaction details:

This transaction was facilitated by the brokerage team of Dakoda Iversen, Darin Beebower, and Mark Ventre from Kidder Mathews. Notably, the sale achieved the highest price per unit in 2024 for similar properties within the area and marked the highest price per square foot since October 2022.

Players

Darin Beebower

Kidder Mathews

Broker

$137.7M

vol

15 deals

Broker

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

3.74%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93