James Capital Advisors Brokers Multifamily Sale On Virginia Ave In Hollywood For $1.97M
5746 Virginia Avenue, Central LA, Los Angeles, CA, USA
$1,970,000
$308/SF
Building Size
6,391 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
AI
Located in the Hollywood market, a multifamily property at 5746 Virginia Ave recently changed hands in a sale transaction. The property encompasses 6,391 square feet and features 10 units. The sale price for this property was $1,970,000, translating to a price per square foot of $308.25. Each unit was sold at an average price of $197,000. The deal was facilitated by Jordan Mandel, Will James, and Tom Jonsson from James Capital Advisors.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,970,000
- Square footage: 6,391
- Price per square foot: $308.25
- Number of Units: 10
- Price per Unit: $197,000
The involvement of Jordan Mandel, Will James, and Tom Jonsson from James Capital Advisors was instrumental in the successful completion of this transaction. Their expertise and representation were crucial in ensuring a smooth process for all parties involved.
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
8.05%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93