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3355 Manning Avenue

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

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

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:

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 Taksa

Taksa Investment Group

Broker

$597.2M

vol

62 deals

Broker

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

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93