Clarence Huffman Acquires Multifamily Property In Fairfax District For $3.17M
401 North Vista Street, Los Angeles, California 90036, United States
$3,170,000
$603/SF
Building Size
5,257 SF
Asset Type
MultiFamily
Closing
Jan 12, 2022
AI
The multifamily property located at 401 N. Vista Street in Fairfax District has been sold in a recent transaction. The property comprises of 3 units with a total of 5,257 square feet. The sale price for this transaction was $3,170,000, resulting in a price per unit of $1,056,666 and a price per square foot of $603.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,170,000
- Address: 401 N. Vista Street
- Market: Fairfax District
Clarence Huffman purchased the property from Moses Reeves. The transaction was facilitated by Kenny Stevens and Max Berger from Compass.
Max Berger and Kenny Stevens, representing their respective agencies at Compass, acted as the brokers in this deal.
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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93