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3252 Overland Avenue

Brennan Ochs Acquires 32-Unit Multifamily In Los Angeles For $10.2M
SOLDMultiFamily

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

Jonathan Taksa

Taksa Investment Group

Broker

$597.2M

vol

62 deals

Broker

David Krasne

Seller

$12.4M

vol

2 deals

Seller

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