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Kyle Ransford Purchases Multifamily Asset From Richard Mills Trust In Los Angeles For $1.5M

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SOLD
$1,500,000

California

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MultiFamily7,584 SF
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Kyle Ransford Purchases Multifamily Asset From Richard Mills Trust In Los Angeles For $1.5M

6417 South Vermont Avenue

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MultiFamily7,584 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$197
Total Square Footage:7584 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 6417 South Vermont Avenue in Los Angeles. The sale price for this property was $1,500,000, comprising 16 units. The total square footage of the building is 7,584, resulting in a price per unit of $93,750 and a price per square foot of $198.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 16
  • Square Footage: 7,584
  • Price Per Unit: $93,750
  • Price Per Square Foot: $198
  • Buyer: Kyle Ransford
  • Seller: Richard Mills Trust
  • Broker: Sean Rosenzweig - Marcus & Millichap

Kyle Ransford acted as the buyer in this transaction, while Richard Mills Trust was the seller. The deal was brokered by Sean Rosenzweig from Marcus & Millichap, facilitating the transfer of ownership between the parties involved.

Players

Sean Rosenzweig
14 deals$99.4M volume
BROKER

Details

SOLD
IMAGE: Kyle Ransford & Sean Rosenzweig DATE: 06/27/2024 ADDRESS: 6417 South Vermont Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Kyle Ransford SELLER: Richard Mills Trust BROKER: Sean Rosenzweig (@Sean_Rosenzweig) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $1,500,000 UNITS: 16 ~ PPU: $93,750 SF: 7,584 ~ PPSF: $198

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
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