Updated Dec 4, 2024
Greg Harris Of Compass Sells Multifamily Property In Hancock Park LA For $2.65M As Seller's Rep
412 North Orange Drive
$2,650,000
$620/SF
Building Size
4,273 SF
Asset Type
MultiFamily
Closing
May 17, 2024
About this deal
AI
412 North Orange Drive in Hancock Park, Los Angeles, sold for $2.65 million, featuring two single-level units at $1,325,000 each. The property consists of two 3-bedroom, 3-bathroom units with high-end finishes and lush landscaping. It is conveniently located near La Brea Ave, Larchmont Blvd, and The Grove.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Units: 2
- Price per Unit: $1,325,000
- Square Footage: 4,273
- Price per Square Foot: $620
- Address: 412 North Orange Drive
- Market: Los Angeles
The Bienstock Group, represented by Bryan Beagles & Sheri Bienstock, acted as the buyer's representatives in the transaction. On the seller's side, Greg Harris from Compass facilitated the sale of the property.
On the Map
$2,650,000
$620/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93