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2666 Orchard Avenue, Los An...

Phil Lin Acquires USC Student Housing Multifamily For $4.04M With Keller Williams Reps
SOLDMultiFamily

Phil Lin Acquires USC Student Housing Multifamily For $4.04M With Keller Williams Reps

2666 Orchard Avenue, Los Angeles, California 90007, United States

$4,040,000

$889/SF

Building Size

4,540 SF

Asset Type

MultiFamily

Closing

Jan 2, 2022

AI

Located at 2666 Orchard Avenue, this multifamily property in the USC Student Housing market has recently been sold. The property consists of 7 units with a total square footage of 4,540. The sale price for this transaction was $4,040,000, resulting in a price per unit of $577,142 and a price per square foot of $889.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,040,000
  • Address: 2666 Orchard Avenue
  • Market: USC Student Housing

The buyer of this property is Phil Lin, while John Patterson served as the seller. The deal was facilitated by Davis Saadian and Adam Shamooelian from Keller Williams Beverly Hills acting as the brokers representing the buyer and seller, respectively.

Players

Adam Shamooelian

Keller Williams Realty

Broker

$20M

vol

5 deals

Broker
Compass
CompassBrokerage

Phil Lin

Buyer

$18.2M

vol

5 deals

Buyer

John Patterson

Seller

$24.1M

vol

5 deals

Seller

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

3.93%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93