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
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