Updated Oct 29, 2024
H&R Studio City Acquires Multifamily Property On Vantage Avenue In Studio City For $12.65M
4350 Vantage Avenue, Studio City, CA, USA
$12,650,000
$352/SF
Building Size
35,847 SF
Asset Type
MultiFamily
Closing
Nov 24, 2020
About this deal
AI
The multifamily property located at 4350 Vantage Avenue in Studio City was recently sold for a price of $12,650,000. The sale took place on November 25, 2020. The property consists of 22 units, with each unit having a price per unit (PPU) of $575,000. The total square footage of the property is 35,847, equating to a price per square foot (PPSF) of $352. The capitalization rate (CAP) for this transaction is 3.24%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,650,000
- Units: 22
- PPU: $575,000
- Square Footage: 35,847
- PPSF: $352
- Capitalization Rate (CAP): 3.24%
The buyer of the property is H&R Studio City, while the seller is THI Vantage. The brokerage team involved in the transaction includes Neda Rassouli from TheNedski, Marty Cohan, and Beau Bonness.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Marcus & Millichap to view all their deals.
Browse Los Angeles multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93