Adam Corleto Acquires Multifamily Property In Beachwood Canyon For $5.14M
SOLD
$5,140,000
California
See Similar DealsMultiFamily12,850 SF
Sold 12/13/2021
SOLD
Adam Corleto Acquires Multifamily Property In Beachwood Canyon For $5.14M
5935 Chula Vista Way, Los Angeles, CA 90068
See Similar DealsMultiFamily12,850 SF
Sold 12/13/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$400
Total Square Footage:12,850 SF
Transaction Type:Sale
A multifamily property located at 5935 Chula Vista Way in Beachwood Canyon has been sold for a price of $5,140,000. The property spans 12,850 square feet, resulting in a price per square foot of $400. The sale took place on December 13, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,140,000
- Address: 5935 Chula Vista Way
- Market: Beachwood Canyon
The buyer of the property is Adam Corleto, while the seller is the Abaro Family Trust. The transaction was facilitated by Zac Freehling and David Regalado from Pacific Partners Los Angeles.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,261.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,366.22
Annual Debt Service$292,394.67
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