DMS Equities Acquires 39-Unit Multifamily Property In Los Angeles For $4.995M
SOLD
$4,995,000
California
See Similar DealsMultiFamily32,402 SF
Sold
SOLD
DMS Equities Acquires 39-Unit Multifamily Property In Los Angeles For $4.995M
624 South Berendo Street
See Similar DealsMultiFamily32,402 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$154
Total Square Footage:32402 SF
Transaction Type:Sale
The multi-family property located at 624 South Berendo Street in Los Angeles has been sold. The property consists of 39 units with a price per unit of $128,077. The total square footage of the property is 32,402, with a price per square foot of $154. The sale price for the property was $4,995,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,995,000
- Units: 39
- Price per Unit: $128,077
- Square Footage: 32,402
- Price per Square Foot: $154
- Address: 624 South Berendo Street, Los Angeles
The buyer of the property was DMS Equities, represented by Matthew Soufer. The broker involved in the deal was Sean Rosenzweig from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,746.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,678.85
Annual Debt Service$284,146.18
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