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.
On the Map
$12,650,000
$352/SF
MultiFamily
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Players
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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