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
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