Vinny Jain Represents Mark Carson In $2.8M Multifamily Sale, Los Angeles
SOLD
$2,825,000
California
See Similar DealsMultiFamily6,850 SF
Sold 06/14/2024
SOLD
Vinny Jain Represents Mark Carson In $2.8M Multifamily Sale, Los Angeles
322 South Swall Drive
See Similar DealsMultiFamily6,850 SF
Sold 06/14/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$412
Total Square Footage:6,850 SF
Transaction Type:Sale
The property at 322 South Swall Drive in Los Angeles was sold for $2,825,000. The multifamily asset consists of 5 units with a total square footage of 6,850. The price per unit was $565,000, and the price per square foot was $412.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,825,000
- Address: 322 South Swall Drive
- Market: Los Angeles
- Seller: Mark Carson
- Broker: Vinny Jain - Ingenious Asset Group
Vinny Jain from Ingenious Asset Group represented the seller, Mark Carson, in the transaction of the multifamily property. The deal was finalized on June 14, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29
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