Updated Dec 4, 2024
Jon Stein Acquires Multifamily Property On Vinton Avenue In Los Angeles For $2.1M
3760 Vinton Avenue
$2,050,000
$274/SF
Building Size
7,470 SF
Asset Type
MultiFamily
Closing
Jan 29, 2024
About this deal
AI
Located at 3760 Vinton Avenue in the market of Los Angeles, this multifamily property was recently sold in a transaction. The property encompasses a total of 9 units, with each unit being sold at an average price of $227,778. The total square footage of the property spans across 7,470 square feet, and the price per square foot amounts to $274.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Units: 9
- Price Per Unit: $227,778
- Square Footage: 7,470
- Price Per Square Foot: $274
In this transaction, the buyer of the property was Jon Stein, while Patricia J Carter acted as the seller. Ariel Sayani from Partners CRE represented both parties as the broker.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93