Jonathan Nikfarjam And GianLuca Jacoli Acquire Multifamily Property In Hermosa Beach For $5.75M
SOLD
$5,750,000
California
See Similar DealsMultiFamily90,830 SF
Sold
SOLD
Jonathan Nikfarjam And GianLuca Jacoli Acquire Multifamily Property In Hermosa Beach For $5.75M
538 8th St, Hermosa Beach, CA 90254, USA
See Similar DealsMultiFamily90,830 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$63
Total Square Footage:90830 SF
Transaction Type:Sale
A multifamily property located at 538 8th Street in Hermosa Beach has been sold in a closed transaction. The property consists of 10 units with a total square footage of 9,083. The transaction price for this asset was $5,750,000, resulting in a price per square foot of $633.05. Each unit was sold at a price of $575,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Address: 538 8th Street
- Market: Hermosa Beach
- Square Footage: 9,083
- Price per Square Foot: $633.05
- Units: 10
- Price per Unit: $575,000
The transaction was facilitated by Jonathan Nikfarjam and GianLuca Jacoli from ShieldCRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20
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