Updated Sep 9, 2024
Michael Monempour Of Kidder Mathews Acquires Multifamily Property On S. Hamel Rd In Beverly Grove For $3.95M
315 South Hamel Road, Los Angeles, CA 90048, USA
$3,950,000
$658/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Mar 27, 2019
About this deal
AI
The multifamily property located at 315 S. Hamel Rd in Beverly Grove has been sold for $3,950,000. The property spans a total of 6,000 square feet, with a price per square foot of $658. It consists of 11 units, resulting in a price per unit of $359,091. The Gross Rent Multiplier (GRM) is 13.4, and the Cap Rate is 5.69%. This transaction was facilitated by Michael Monempour of Kidder Mathews.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Square Footage: 6,000
- Price per Square Foot: $658
- Number of Units: 11
- Price per Unit: $359,091
- Gross Rent Multiplier (GRM): 13.4
- Cap Rate: 5.69%
- Broker: Michael Monempour - Kidder Mathews
This transaction sets a record for the price per square foot in the area.
Players
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93