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Jonathan Taksa Of Taksa Investment Group Sells Multifamily Property In Los Angeles For $6.68M

Property Image
SOLD
$6,681,000

California

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MultiFamily17,849 SF
Sold 06/14/2024
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Property Image
SOLD

Jonathan Taksa Of Taksa Investment Group Sells Multifamily Property In Los Angeles For $6.68M

3355 Manning Avenue

See Similar Deals
MultiFamily17,849 SF
Sold 06/14/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$374
Total Square Footage:17,849 SF
Transaction Type:Sale

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:

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.

Players

Jonathan (Jon) Taksa
Taksa Investment Group
Jonathan Taksa
61 deals$593.3M volume
BROKER

Details

SOLD
IMAGE: Jonathan Taksa DATE: 06/14/2024 ADDRESS: 3355 Manning Avenue MARKET: Los Angeles ASSET TYPE: Multifamily ~ ACRES: 0.51 BROKER: Jonathan Taksa (@JTaksa) - Taksa Investment Group (@TaksaInvestmentGroup) SALE PRICE: $6,681,000 SF: 17,849 ~ PPSF: $374 NOTE: 3355 Manning Avenue, known as Cheviot Lanai in Los Angeles, has sold for $6,681,000 through broker Jonathan Taksa of Taksa Investment Group. The property, cherished and maintained by one family since its construction in 1956, features spacious, well-lit units with hardwood floors, large balconies, and modern amenities like in-unit washers and dryers in select units.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$23,736.18
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