Rob Bellamy & Tony Azzi Of Vita Equities Acquire 28-Unit Multifamily Property In Los Angeles For $7.1M
SOLD
$7,100,000
California
See Similar DealsMultiFamily21,402 SF
Sold 11/01/2023
SOLD
Rob Bellamy & Tony Azzi Of Vita Equities Acquire 28-Unit Multifamily Property In Los Angeles For $7.1M
2816 San Marino Street
See Similar DealsMultiFamily21,402 SF
Sold 11/01/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$331
Total Square Footage:21,402 SF
Transaction Type:Sale
The multifamily property located at 2816 San Marino Street in Los Angeles has been sold. The property consists of 28 units with a total square footage of 21,402. The sale price for the property was $7,100,000, resulting in a per unit price of $253,571 and a price per square foot of $332.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,100,000
- Buyer: Rob Bellamy & Tony Azzi - Vita Equities
- Seller: Hwan Kim
- Brokers: Neema Ahadian & Sean Nami - Marcus & Millichap
- Units: 28
- Price per Unit: $253,571
- Square Footage: 21,402
- Price per Square Foot: $332
The buyers of the property are Rob Bellamy and Tony Azzi, representing Vita Equities. The seller of the property is Hwan Kim. The transaction was facilitated by brokers Neema Ahadian and Sean Nami from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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