Richard C. Ham Acquires Multifamily Property In Los Angeles For $6.61M
6653 West 86th Place, Los Angeles, CA 90045
$6,610,000
$449/SF
Building Size
14,706 SF
Asset Type
MultiFamily
Closing
Jul 19, 2020
AI
Located at 6653 W. 86th Pl. in Los Angeles, this multifamily property was recently sold for a price of $6,610,000. The transaction took place on July 19, 2021, and the property consists of 18 units with a price per unit of $367,222. The total square footage of the property is 14,706, resulting in a price per square foot of $449. The buyer, Richard C. Ham, acquired the property from sellers Tina Fucci and Dominic Fucci. The deal was facilitated by broker Brett Lyon.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,610,000
- Units: 18
- Price Per Unit: $367,222
- Square Footage: 14,706
- Price Per Square Foot: $449
Richard C. Ham was the buyer of the property, while sellers Tina Fucci and Dominic Fucci successfully closed the deal. The transaction was facilitated by broker Brett Lyon.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93