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5675 Packard Street, Los An...

Ron Mayer Acquires Wilshire Vista Multifamily For $2.85M With Greysteel Brokers
SOLDMultiFamily

Ron Mayer Acquires Wilshire Vista Multifamily For $2.85M With Greysteel Brokers

5675 Packard Street, Los Angeles, California 90019, United States

$2,850,000

$491/SF

Building Size

5,794 SF

Asset Type

MultiFamily

Closing

May 10, 2022

AI

The multifamily property located at 5675 Packard St. in Wilshire Vista has been sold in a transaction that closed on 05/11/2022. The property consists of 6 units with a total square footage of 5,794. The sale price for the property was $2,850,000, resulting in a price per unit of $475,000 and a price per square foot of $491.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,850,000
  • Address: 5675 Packard St.
  • Market: Wilshire Vista
  • Units: 6
  • Square Footage: 5,794

The buyer of the property is Ron Mayer, while the seller is Greg Preer. The deal was facilitated by Everett Wong & Sawyer Quade from Greysteel.

Players

Everett Wong

Greysteel

Broker

$37.9M

vol

14 deals

Broker

Ron Mayer

Buyer

$11.4M

vol

4 deals

Buyer

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93