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
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