Jason Hoffman Acquires Multifamily Property On 501 S Rampart Boulevard, Los Angeles For $5.8M
SOLD
$5,626,000
California
See Similar DealsMultiFamily26,427 SF
Sold 12/07/2022
SOLD
Jason Hoffman Acquires Multifamily Property On 501 S Rampart Boulevard, Los Angeles For $5.8M
501 S Rampart Boulevard, Los Angeles, Ca 90057
See Similar DealsMultiFamily26,427 SF
Sold 12/07/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:26,427 SF
Transaction Type:Sale
A multifamily property located at 501 S Rampart Boulevard in Los Angeles has been sold for $5,800,000. The property consists of 48 units, with a price per unit of $120,833. The total square footage is 26,427, resulting in a price per square foot of $219.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Units: 48
- Price Per Unit: $120,833
- Square Footage: 26,427
- Price Per Square Foot: $219
Jason Hoffman purchased the property from Ronald Mayer. The transaction was facilitated by Taylor Avakian and Charles Wright from Matthews Real Estate Investment Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$300,053.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,988.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,670.11
Annual Debt Service$320,041.32
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