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:
- Property Type: Multifamily
- Transaction Amount: $4,237,000
- Buyer: New Hampshire, LLC
- Seller: 252 New Hampshire Investors, LLC
- Brokers: Dakoda Iversen, Darin Beebower & Mark Ventre - Kidder Mathews
- Units: 19
- Price Per Unit: $223,000
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
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