Updated Dec 18, 2023
Shlomof Family Acquires Miracle Mile Multifamily On S. Detroit For $2.7M
330 South Detroit Street, Los Angeles, California 90036, United States
$2,700,000
$419/SF
Building Size
6,443 SF
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
The multifamily property located at 330 S. Detroit in Miracle Mile was recently sold for a price of $2,700,000. The property consists of 4 units with a total square footage of 6,443. The sale price per unit is $675,000, and the price per square foot is $419.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Date: 01/14/2022
- Address: 330 S. Detroit
- Market: Miracle Mile
The buyer in this transaction was the Shlomof Family, while the seller was Neda Shulton. The deal was facilitated by brokers Jordan Asheghian and Tony Azzi from Marcus & Millichap.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93