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412 North Orange Drive

Greg Harris Of Compass Sells Multifamily Property In Hancock Park LA For $2.65M As Seller's Rep
SOLDMultiFamily

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

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.

Players

Sheri Bienstock

The Bienstock Group

Broker

$21.8M

vol

5 deals

Broker

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93