SOLDMultiFamily
Sares-Regis Group Acquires MultiFamily Property At 630 Masselin Ave In Los Angeles For $86.78M
630 Masselin Ave
$86,776,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 1, 2020
AI
The property involved in this transaction is a MultiFamily asset located at 630 Masselin Ave in the Los Angeles market. The transaction was completed at a price of $86,776,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $86,776,000.00
- Address: 630 Masselin Ave
- Market: Los Angeles
- Broker: Derrek Ostrzyzek - CBRE
- Buyer: Sares-Regis Group
The transaction was brokered by Derrek Ostrzyzek of CBRE, representing the buyer, Sares-Regis Group, in the deal.
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93