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HACLA Acquires Multifamily Property In Los Angeles For $25.8M

Property Image
SOLD
$25,848,000

California

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MultiFamily37,290 SF
Sold 05/16/2024
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Property Image
SOLD

HACLA Acquires Multifamily Property In Los Angeles For $25.8M

MultiFamily37,290 SF
Sold 05/16/2024
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Summary

Asset Type:MultiFamily
Price Per Square Foot:$693
Total Square Footage:37,290 SF
Transaction Type:Sale

The multifamily property located at 4818 Sepulveda Blvd in Los Angeles was recently sold for $25,848,000. This property consists of 36 units with a price per unit of $718,000, spanning across 37,290 square feet at a price per square foot of $693.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $25,848,000
  • Units: 36
  • Price Per Unit: $718,000
  • Square Footage: 37,290
  • Price Per Square Foot: $693
  • Address: 4818 Sepulveda Blvd
  • Market: Los Angeles
  • Buyer: HACLA
  • Broker: Hooman Emanuel - Keller Williams, Debbie E.

The transaction was facilitated by Hooman Emanuel of Keller Williamsand Debbie E. on behalf of the buyer, HACLA. HACLA now adds the multifamily property to its real estate portfolio in Los Angeles.

Players

Hooman Emanuel
9 deals$147.4M volume(818) 335-0923
BROKER

Details

SOLD
IMAGE: Hooman Emanuel DATE: 05/16/2024 ADDRESS: 4818 Sepulveda Blvd MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: HACLA BROKER: Hooman Emanuel (@Hoomanemanuel, @Ereglosangeles, @kwstudiocity ) - Keller Williams, Debbie E. (@deboura_e) SALE PRICE: $25,848,000 UNITS: 36 ~ PPU: $718,000 SF: 37,290 ~ PPSF: $693

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,378,560.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$91,832.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$122,532.71
Annual Debt Service$1,470,392.48