Updated Sep 9, 2024
Aryeh Hoffman Acquires Multifamily Property In Fairfax For $1.8M
418 N Sierra Bonita Ave, Central LA, Los Angeles, CA, USA
$1,815,000
$469/SF
Building Size
3,870 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
About this deal
AI
Located at 418 N. Sierra Bonita Ave. in the Fairfax market, this multifamily property was recently sold for a price of $1,815,000. The property consists of five units, with each unit having an average price of $363,000. The total square footage of the property is 3,870, resulting in a price per square foot of $468.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,815,000
- Units: 5
- Price per Unit: $363,000
- Square Footage: 3,870
- Price per Square Foot: $468
The buyer in this transaction was Aryeh Hoffman, while the sellers were Kristin Stanley and Andrew Stanley. The deal was facilitated by brokers Jake Glaser, John Boyett, and Daniel Withers.
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
8.74%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93