ESI Ventures & Domos Acquire Multifamily Property On N Rossmore Ave For $29M
SOLD
$29,000,000
California
See Similar DealsMultiFamily65,133 SF
Sold 02/25/2020
SOLD
ESI Ventures & Domos Acquire Multifamily Property On N Rossmore Ave For $29M
410 North Rossmore Avenue, Los Angeles, CA, USA
See Similar DealsMultiFamily65,133 SF
Sold 02/25/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$445
Total Square Footage:65,133 SF
Transaction Type:Sale
Located at 410 N Rossmore Ave in the Greater Wilshire/Hancock Park market, this multifamily property was sold on February 25, 2020. The transaction was facilitated by Kevin Green of Institutional Property Advisors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,000,000
- Square Footage: 65,133 SF
- Price per Square Foot: $445
- Buyer: ESI Ventures & Domos
- Seller's Representative: Kevin Green - Institutional Property Advisors
The sale of this multifamily property marks a significant investment in the Greater Wilshire/Hancock Park market. ESI Ventures & Domos acquired this property, representing a strong commitment to the area's real estate market. The transaction was successfully facilitated by Kevin Green of Institutional Property Advisors, who played a crucial role in ensuring a smooth and mutually beneficial deal for both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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