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Suminda Sellahewa Of Avarnka Real Estate Brokers Multifamily Sale In Los Angeles For $3.02M

Property Image
SOLD
$3,020,000

California

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MultiFamily4,502 SF
Sold 06/12/2024
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Property Image
SOLD

Suminda Sellahewa Of Avarnka Real Estate Brokers Multifamily Sale In Los Angeles For $3.02M

3141 South Halm Avenue

See Similar Deals
MultiFamily4,502 SF
Sold 06/12/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$670
Total Square Footage:4,502 SF
Transaction Type:Sale

The newly constructed multifamily property at 3141 South Halm Avenue in Los Angeles was recently sold for $3,020,000. This property consists of three units built in 2023, each currently leased, generating a total annual gross rental income of $213,000. Situated in a prime location near Culver City attractions and amenities, the property features modern amenities, including rooftop decks with TVs, BBQs, and outdoor furniture.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,020,000
  • Units: 3
  • Price Per Unit: $1,006,667
  • Square Footage: 4,502
  • Price Per Square Foot: $671
  • Address: 3141 South Halm Avenue
  • Market: Los Angeles

Suminda Sellahewa of Avarnka Real Estate played a pivotal role in facilitating the sale of the property. With the property's strategic location and modern amenities, it presented an attractive investment opportunity in the bustling real estate market of Los Angeles.

Players

SS
Suminda Sellahewa
1 deal$3M volume(310) 621-1563
BROKER

Details

SOLD
IMAGE: DATE: 06/12/2024 ADDRESS: 3141 South Halm Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: Suminda Sellahewa - Avarnka Real Estate SALE PRICE: $3,020,000 UNITS: 3 ~ PPU: $1,006,667 SF: 4,502 ~ PPSF: $671 NOTE: Suminda Sellahewa facilitated the sale of a newly constructed multifamily property at 3141 South Halm Avenue in Los Angeles for $3,020,000. The property comprises three units built in 2023, all currently leased with a total annual gross rental income of $213,000. Each unit features modern amenities including rooftop decks with amenities such as TVs, BBQs, and outdoor furniture, centrally located near Culver City attractions and amenities, making it an attractive investment opportunity in a prime location.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$161,066.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,729.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,316.34
Annual Debt Service$171,796.09