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Casa La Salle LLC Acquires Multifamily Property In South Los Angeles For $1.4M

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SOLD
$1,408,000

California

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MultiFamily4,780 SF
Sold 07/02/2019
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Property Image
SOLD

Casa La Salle LLC Acquires Multifamily Property In South Los Angeles For $1.4M

3978 La Salle Ave, South Los Angeles, Los Angeles, CA, USA

See Similar Deals
MultiFamily4,780 SF
Sold 07/02/2019
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$294
Total Square Footage:4,780 SF
Transaction Type:Sale

Casa La Salle LLC, represented by Andrew Weiss and Bryson Youtkstetter, purchased a multifamily property in South Los Angeles. The property is located at 3978 La Salle Ave and was sold by JBAK Investments LLC, represented by Joshua Bird and Adam Katz.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,408,000
  • Square Footage: 4,780
  • Price per Square Foot: $294.56
  • CAP Rate: 5.27%
  • GRM: 13.28

Saravita Properties, Inc., represented by broker Sasha Rahban, facilitated the transaction. The property was originally purchased by the seller in April 2016 for $875,000. Since July 2017, Saravita Properties, Inc. has managed the property and assisted the seller in improving the quality of tenants, updating the exterior facade, vacant units, and landscaping. The property attracted buyer interest quickly, entering escrow only 7 days after being listed.

Players

Sasha Rahban
Douglas Elliman
Sasha Rahban
10 deals$56.6M volume(310) 963-9680
BROKER

Details

SOLD
IMAGE: Sasha Rahban @sasha_selling_la DATE: 07/02/2019 ADDRESS: 3978 La Salle Ave MARKET: South Los Angeles ASSET TYPE: Multifamily BUYER: Casa La Salle LLC (Andrew Weiss & Bryson Youkstetter) SELLER: JBAK Investments LLC (Joshua Bird & Adam Katz) BROKERS: Sasha Rahban - Saravita Properties, Inc @saravitapropinc PRICE: $1,408,000 SF: 4,780 ~ PPSF: $294.56 CAP: 5.27% GRM: 13.28 NOTES: Property was originally purchased by Seller in April 2016 for $875,000. SaraVita Properties, Inc.also managed this property since July of 2017, helping the Seller improve the quality of tenants and update the exterior facade, vacant units and landscaping of the property. Property was in escrow 7 days after being listed.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$75,093.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,002.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,674.64
Annual Debt Service$80,095.66