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5746 Virginia Avenue, Centr...

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

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

Tom Jonsson

James Capital Advisors

Broker

$32.8M

vol

8 deals

Broker

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