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3760 Vinton Avenue

Jon Stein Acquires Multifamily Property On Vinton Avenue In Los Angeles For $2.1M
SOLDMultiFamily

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

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93