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Sater Strategies Purchases MultiFamily Property At 2605 S. Rimpau Blvd In Los Angeles For $3.95M

Property Image
SOLD
$3,950,000

California

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MultiFamily
Sold 11/16/2023
the dealplayerscompscontact
Property Image
SOLD

Sater Strategies Purchases MultiFamily Property At 2605 S. Rimpau Blvd In Los Angeles For $3.95M

2605 S. Rimpau Blvd & 2619 S. Rimpau Blvd

See Similar Deals
MultiFamily
Sold 11/16/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multifamily asset located at 2605 S. Rimpau Blvd in the Los Angeles market. The property was sold for $3,950,000.00.

Summary of transaction details:

Chandler Rockwell represented the buyer, Sater Strategies, in this transaction. The deal highlights the active involvement of The Rockwell Group in the multifamily sector of the Los Angeles real estate market.

Players

Chandler Rockwell
The Rockwell Group
Chandler Rockwell
21 deals$109.3M volume(310) 405-7632
BROKER

Details

SOLD
IMAGE: 11/16/2023 ADDRESS: 2605 S. Rimpau Blvd MARKET: Los Angeles ASSET TYPE: MultiFamily BROKERS: Chandler Rockwell(The Rockwell Group) BUYER: Sater Strategies PRICE: $3,950,000.00

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

$210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18