Updated Sep 9, 2024
Rodney Goldberg Acquires Multifamily In Miracle Mile For $3.22M
602 South Dunsmuir Avenue, Los Angeles, California 90036, United States
$3,220,000
$390/SF
Building Size
8,256 SF
Asset Type
MultiFamily
Closing
Feb 17, 2022
About this deal
AI
The multifamily property located at 602 S. Dunsmuir Ave in Miracle Mile was recently sold for a total of $3,220,000. The transaction took place on February 18, 2022. The property consists of 10 units, with each unit priced at approximately $322,000. The total square footage of the property is 8,256, resulting in a price per square foot of $390.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,220,000
- Address: 602 S. Dunsmuir Ave
- Market: Miracle Mile
- Buyer: Rodney Goldberg
- Seller: Howard Spilberg & Barbara Spilberg
- Brokers: Jake Glaser, John Boyett & Daniel Withers - Matthews Real Estate Investment Services
- Units: 10
- Price Per Unit: $322,000
- Square Footage: 8,256
- Price Per Square Foot: $390
The deal was facilitated by brokers Jake Glaser, John Boyett, and Daniel Withers from Matthews Real Estate Investment Services. They represented both the buyer, Rodney Goldberg, and the sellers, Howard Spilberg and Barbara Spilberg, in the transaction.
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
4.93%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93