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463-465 N Orange Dr, Los An...

Josephine Amin Acquires Beverly Grove Multifamily For $2.3M
SOLDMultiFamily

Josephine Amin Acquires Beverly Grove Multifamily For $2.3M

463-465 N Orange Dr, Los Angeles, CA, USA

$2,300,000

$561/SF

Building Size

4,096 SF

Asset Type

MultiFamily

Closing

Oct 2, 2019

AI

A two-unit multifamily property located at 463-465 N. Orange Dr in Beverly Grove recently sold for a price of $2,300,000. The property was listed off-market and Josephine Amin, representing her client, secured the purchase at a price nearly $200,000 below the original asking price. The transaction took place on 10/03/2019.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Market: Beverly Grove
  • Units: 2
  • Price per Unit (PPU): $1,150,000
  • Represented by: Josephine Amin from undisclosed agency

This successful off-market sale showcases Josephine Amin's expertise in securing income properties for her clients. By negotiating skillfully, she managed to secure the property for her client at a price significantly lower than the initial asking price.

Players

Josephine Amin

Broker

$12.3M

vol

5 deals

Broker

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93