Updated Dec 21, 2023
Daniel Cabeayyos Acquires Monterey Hills Multifamily For $709,000
3811 Monterey Road, Los Angeles, CA, USA
$709,000
$298/SF
Building Size
2,375 SF
Asset Type
MultiFamily
Closing
May 21, 2020
About this deal
AI
The multifamily property located at 3811 Monterey Road in Monterey Hills has been sold. The transaction took place on 05/21/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $709,000
- Address: 3811 Monterey Road
- Market: Monterey Hills
The buyer of the property is Daniel Cabeayyos, while the sellers are Ben & Nancy Kim. The deal was facilitated by brokers Daniel Hirth from DHirth5 and Alex Reyhan from The Hirth Group.
The property was originally listed for $759,000, but the sale was finalized at a price of $709,000. The multifamily asset consists of 3 units, resulting in a price per unit of $236,333. The total square footage of the property is 2,375, leading to a price per square foot of $298. The capitalization rate (CAP) for this transaction is 4.07%.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Daniel Hirth to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
22.37%
Cash-on-Cash
-6.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93