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James Capital Advisors Brokers Multifamily Sale On Virginia Ave In Hollywood For $1.97M

Property Image
SOLD
$1,970,000

California

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MultiFamily6,391 SF
Sold 07/31/2020
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Property Image
SOLD

James Capital Advisors Brokers Multifamily Sale On Virginia Ave In Hollywood For $1.97M

5746 Virginia Avenue, Central LA, Los Angeles, CA, USA

See Similar Deals
MultiFamily6,391 SF
Sold 07/31/2020
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$308
Total Square Footage:6,391 SF
Transaction Type:Sale

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

Tom Jonsson
8 deals$32.8M volume
BROKER

Will James
James Capital Advisors
8 deals$32.8M volume
BROKER

Details

SOLD
IMAGE: @JordanMandel, Will James & Tom Jonsson DATE: 07/31/2020 ADDRESS: 5746 Virginia Ave MARKET: Hollywood ASSET TYPE: Multifamily PRICE: $1,970,000 SF: 6,391 PPSF: $308.25 UNITS: 10 PPU: $197,000 BROKERS: Jordan Mandel, Will James, Tom Jonsson @JamesCapitalAdvisors

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$105,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,998.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,338.81
Annual Debt Service$112,065.66