Updated Dec 4, 2024
Jonathan Taksa Of Taksa Investment Group Sells Multifamily Property In Los Angeles For $6.68M
3355 Manning Avenue
$6,681,000
$374/SF
Building Size
17,849 SF
Asset Type
MultiFamily
Closing
Jun 14, 2024
About this deal
AI
3355 Manning Avenue, known as Cheviot Lanai in Los Angeles, has sold for $6,681,000. The property features spacious, well-lit units with hardwood floors, large balconies, and modern amenities like in-unit washers and dryers in select units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,681,000
- Address: 3355 Manning Avenue
- Market: Los Angeles
- Square Footage: 17,849
- Price per Square Foot: $374
- Broker: Jonathan Taksa - Taksa Investment Group
The property, known as Cheviot Lanai, was cherished and maintained by one family since its construction in 1956. Broker Jonathan Taksa of Taksa Investment Group facilitated the transaction, showcasing the unique charm and appeal of the property to prospective buyers.
On the Map
$6,681,000
$374/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93