Updated Dec 4, 2024
Rob Bellamy & Tony Azzi Of Vita Equities Acquire 28-Unit Multifamily Property In Los Angeles For $7.1M
2816 San Marino Street
$7,100,000
$331/SF
Building Size
21,402 SF
Asset Type
MultiFamily
Closing
Nov 1, 2023
About this deal
AI
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.
On the Map
$7,100,000
$331/SF
MultiFamily
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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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93