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

Property Image
SOLD
$4,237,000
Mark Ventre
Darin Beebower
Dakoda Iversen

California

See Similar Deals
MultiFamily
Sold 07/31/2024
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Property Image
SOLD

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

252 South New Hampshire Avenue

See Similar Deals
MultiFamily
Sold 07/31/2024
Mark Ventre
Darin Beebower
Dakoda Iversen
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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
Darin Beebower
14 deals$130.1M volume(424) 653-1854
BROKER
Mark Ventre
Kidder Mathews
Mark Ventre
17 deals$128.1M volume
BROKER
Dakoda Iversen
Kidder Mathews
Dakoda Iversen
2 deals$19M volume(310) 857-9699
BROKER

Details

SOLD
IMAGE: Dakoda Iversen, Darin Beebower & Mark Ventre DATE: 07/31/2024 ADDRESS: 252 South New Hampshire Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: New Hampshire, LLC SELLER: 252 New Hampshire Investors, LLC BROKERS: Dakoda Iversen, Darin Beebower & Mark Ventre (@MarkVentre) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $4,237,000 UNITS: 19 ~ PPU: $223,000 NOTE: Kidder Mathews sold a 19-unit multifamily property at 252 S. New Hampshire Avenue in Los Angeles for $4.24 million, achieving the highest price per unit in 2024 for similar properties in the area. The sale, facilitated by Mark Ventre, Darin Beebower, and Dakoda Iversen, marks the highest price per square foot since October 2022.

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

$225,973.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,053.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,085.54
Annual Debt Service$241,026.50