Jon Stein Acquires Multifamily Property On Vinton Avenue In Los Angeles For $2.1M
SOLD
$2,050,000
California
See Similar DealsMultiFamily7,470 SF
Sold 01/29/2024
SOLD
Jon Stein Acquires Multifamily Property On Vinton Avenue In Los Angeles For $2.1M
3760 Vinton Avenue
See Similar DealsMultiFamily7,470 SF
Sold 01/29/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$274
Total Square Footage:7,470 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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