Phil Lin Acquires USC Student Housing Multifamily For $4.04M With Keller Williams Reps
SOLD
$4,040,000
California
See Similar DealsMultiFamily4,540 SF
Sold
SOLD
Phil Lin Acquires USC Student Housing Multifamily For $4.04M With Keller Williams Reps
2666 Orchard Avenue, Los Angeles, California 90007, United States
See Similar DealsMultiFamily4,540 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$889
Total Square Footage:4540 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$215,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,353.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,151.66
Annual Debt Service$229,819.93
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