Updated Dec 20, 2023
Rick Raymundo - Marcus & Millichap Brokers $2.9M Sale Of 8-Unit MultiFamily Property On Cochran Ave
330 South Cochran Avenue, Los Angeles, CA, USA
$2,895,000
$405/SF
Building Size
7,149 SF
Asset Type
MultiFamily
Closing
Mar 3, 2019
About this deal
AI
A multifamily property located at 330 S Cochran Ave in Los Angeles, California has been sold for a price of $2,895,000. The property consists of 8 units and has a total square footage of 7,149. The price per square foot is calculated to be $404. The purchase price per unit is $361,875. The capitalization rate for this property is 3.64% and the gross rent multiplier is 17.28.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,895,000
- Address: 330 S Cochran Ave, Los Angeles, CA
- Units: 8
- Square Footage: 7,149
- Price per Square Foot: $404
- Purchase Price per Unit: $361,875
- Capitalization Rate: 3.64%
- Gross Rent Multiplier: 17.28
The sale of this property was handled by Rick Raymundo of Marcus & Millichap.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.48%
Cash-on-Cash
-1.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93