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Brad Gilboe And Stevie Marie Mersola Of EXP Realty Represent Buyer In $2.43M Los Angeles Multifamily Sale

Property Image
SOLD
$2,430,000

California

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MultiFamily3,471 SF
Sold 07/19/2024
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Property Image
SOLD

Brad Gilboe And Stevie Marie Mersola Of EXP Realty Represent Buyer In $2.43M Los Angeles Multifamily Sale

MultiFamily3,471 SF
Sold 07/19/2024
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$700
Total Square Footage:3,471 SF
Transaction Type:Sale

A multifamily property located at 6112 Temple Hill Drive in the Los Angeles market has been sold for $2,430,000. The building has a total of 4 units and encompasses 3,471 square feet, leading to a price per unit of $607,500 and a price per square foot of $700.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,430,000
  • Units: 4
  • Square Footage: 3,471
  • Price Per Unit: $607,500
  • Price Per Square Foot: $700
  • Buyer's Representative: Brad Gilboe & Stevie Marie Mersola - EXP Realty
  • Seller's Representative: Richard Wilkinson - Compass

The transaction featured the representation of the buyers by Brad Gilboe and Stevie Marie Mersola from EXP Realty, highlighting their role in securing the deal. Richard Wilkinson from Compass represented the seller in this significant transaction within the real estate market of the Hollywood Hills neighborhood.

Players

Richard Wilkinson
2 deals$4.2M volume
BROKER

Brad Gilboe
EXP Realty
2 deals$6.4M volume
BROKER

Stevie Marie Mersola
EXP Realty
1 deal$2.4M volume(949) 209-0524
BROKER

Details

SOLD
IMAGE: Brad Gilboe, Stevie Marie Mersola & Richard Wilkinson DATE: 07/19/2024 ADDRESS: 6112 Temple Hill Drive MARKET: Los Angeles ASSET TYPE: MultiFamily BUYER'S REP: Brad Gilboe (@BradGilboe) & Stevie Marie Mersola (@StevieMersola) - EXP Realty SELLER'S REP: Richard Wilkinson (@RichardWilkinsonJr) - Compass (@Compass) SALE PRICE: $2,430,000 UNITS: 4 ~ PPU: $607,500 SF: 3,471 ~ PPSF: $700 NOTE: In Los Angeles, a prime multifamily property at 6112 Temple Hill Drive has been sold for $2.43 million. Represented by Brad Gilboe and Stevie Marie Mersola of EXP Realty for the buyer, and Richard Wilkinson of Compass for the seller, the 4-unit building spans 3,471 square feet and boasts panoramic views from each unit, presenting a rare opportunity in the coveted Hollywood Hills neighborhood.

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

$129,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,633.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,519.44
Annual Debt Service$138,233.28