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
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