HACLA Acquires Multifamily Property In Los Angeles For $25.8M
SOLD
$25,848,000
California
See Similar DealsMultiFamily37,290 SF
Sold 05/16/2024
SOLD
HACLA Acquires Multifamily Property In Los Angeles For $25.8M
MultiFamily37,290 SF
Sold 05/16/2024
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.
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Deal Type
30 years
10 years
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
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