Updated Oct 29, 2024
Via Studio City LLC Acquires 15-Unit Multifamily Property In Studio City For $6.3M
4100 Whitsett Avenue, Studio City, CA 91604, USA
$6,300,000
$432/SF
Building Size
14,577 SF
Asset Type
MultiFamily
Closing
Nov 8, 2020
About this deal
AI
The multifamily property located at 4100 Whitsett Avenue in Studio City has been sold for a price of $6,300,000. The transaction took place on November 9, 2020. This property consists of 15 units, with each unit valued at $420,000. The total square footage of the property is 14,577, resulting in a price per square foot of $432. The Gross Rent Multiplier (GRM) for this property is 16.12, and the Capitalization Rate (CAP) is 3.90%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Units: 15
- Price per Unit: $420,000
- Square Footage: 14,577
- Price per Square Foot: $432
- Gross Rent Multiplier (GRM): 16.12
- Capitalization Rate (CAP): 3.90%
The deal was facilitated by broker Rick Raymundo, representing both the buyer and the seller. The buyer, Via Studio City LLC, acquired the property from the seller, 4100 Whitsett LLC.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93