Updated Jan 23, 2025
Sater Strategies Purchases MultiFamily Property At 2605 S. Rimpau Blvd In Los Angeles For $3.95M
2605 S. Rimpau Blvd & 2619 S. Rimpau Blvd
$3,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 16, 2023
About this deal
AI
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:
- Property Type: MultiFamily
- Transaction Amount: $3,950,000.00
- Sale Date: 11/16/2023
- Buyer: Sater Strategies
- Broker: Chandler Rockwell - The Rockwell Group
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.
The multifamily sale at 2605 S. Rimpau Blvd in Los Angeles, California sold for $4M in 2023. 2605 S. Rimpau Blvd is classified as Multifamily on Traded. Chandler Rockwell, Fred Leeds Asset Group appear on the sale alongside Fred Leeds Asset Group. This page is the Los Angeles, California file for the 2605 S. Rimpau Blvd multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 2605 S. Rimpau Blvd around 2023. Published consideration for 2605 S. Rimpau Blvd is $4M, dated 2023. Cite this Sater Strategies Purchases MultiFamily Property At 2605 S. Rimpau Blvd In Los Angeles For $3.95M sale when underwriting similar multifamily product around Los Angeles, California.
Los Angeles MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93