Brennan Ochs Acquires 32-Unit Multifamily In Los Angeles For $10.2M
3252 Overland Avenue
$10,200,000
$392/SF
Building Size
25,971 SF
Asset Type
MultiFamily
Closing
Feb 14, 2023
AI
The multifamily property located at 3252 Overland Avenue in Los Angeles has been sold for a total price of $10,200,000. The transaction took place on February 14, 2023. The property consists of 32 units, with an average price per unit of $318,750. It spans a total area of 25,971 square feet, equating to a price per square foot of $393.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,200,000
- Units: 32
- Price per Unit: $318,750
- Square Footage: 25,971
- Price per Square Foot: $393
The buyers in this transaction were Brennan Ochs, while David Krasne and Caryn Krasne acted as the sellers. The deal was facilitated by Jonathan (Jon) Taksa and Rob Renshaw of Taksa Investment Group, who represented the buyers in the transaction.
Players
Market 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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93