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Rosa Garcia & Alessandra Ferracuti Facilitate $2.6M Multifamily Sale In Los Angeles
SOLD
$2,600,000
California
See Similar DealsMultiFamily10,008 SF
Sold 04/23/2024
SOLD
Rosa Garcia & Alessandra Ferracuti Facilitate $2.6M Multifamily Sale In Los Angeles
4957 Melrose Hill Street & 4959 Melrose Hill Street
See Similar DealsMultiFamily10,008 SF
Sold 04/23/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:10,008 SF
Transaction Type:Sale
The compound estate at 4957-4959 Melrose Hill Street in Los Angeles, boasting a main unit with a mother-in-law suite and a detached unit, was sold for $2.6 million. With both units currently rented, offering a combined living space of over 5,000 square feet, this property presents an opportunity for the fortunate owner to enjoy Hollywood living while generating rental income.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Location: 4957-4959 Melrose Hill Street, Los Angeles
- Market: Los Angeles
- Size: 5,004 SF
- Price per Square Foot: $520
- Buyer's Representative: Rosa Garcia - Division One Investment & Loan, Inc
- Seller's Representative: Alessandra Ferracuti - Compass
- Acreage: 0.3 acres
The buyer's representative in the deal is Rosa Garcia from Division One Investment & Loan, Inc, while the seller's representative is Alessandra Ferracuti from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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