La Apartment Advisors Facilitates Sale Of Palms Multifamily Property On S Halm Ave For $1.425M
SOLD
$1,425,000
+ 1
California
See Similar DealsMultiFamily4,592 SF
Sold 11/26/2019
SOLD
La Apartment Advisors Facilitates Sale Of Palms Multifamily Property On S Halm Ave For $1.425M
3146 South Halm Avenue, Los Angeles, CA 90034, USA
See Similar DealsMultiFamily4,592 SF
Sold 11/26/2019
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:4,592 SF
Transaction Type:Sale
A multifamily property located at 3146 S Halm Ave in Palms was recently sold for $1,425,000. The property spans 4,592 square feet and consists of 5 units, resulting in a price per square foot of $310.32. The sale price per unit was $285,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Address: 3146 S Halm Ave
- Market: Palms
- Square Footage: 4,592
- Price per Square Foot: $310.32
- Number of Units: 5
- Price per Unit: $285,000
The sale was facilitated by brokers Filip Niculete, Jordan Epstein, Josh Hill, and Glen Scher.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,062.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,755.23
Annual Debt Service$81,062.72
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