ESI Ventures & Domos Acquire Multifamily Property On N Rossmore Ave For $29M
410 North Rossmore Avenue, Los Angeles, CA, USA
$29,000,000
$445/SF
Building Size
65,133 SF
Asset Type
MultiFamily
Closing
Feb 24, 2020
AI
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.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93