Michael Sterman Of Marcus & Millichap Oversees $2.53M Multifamily Sale In Los Angeles
444 South Manhattan Place
$2,530,000
$274/SF
Building Size
9,216 SF
Asset Type
MultiFamily
Closing
May 21, 2024
AI
The multifamily property located at 444 South Manhattan Place in Los Angeles has been recently sold for $2,530,000, with a total square footage of 9,216 and a price per square foot of $275.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,530,000
- Address: 444 South Manhattan Place
- Market: Los Angeles
Michael Sterman from Marcus & Millichap was the broker overseeing this transaction. With his expertise, the deal for the multifamily property at 444 South Manhattan Place was successfully closed.
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
6.27%
Cash-on-Cash
-1.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93