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6653 West 86th Place, Los A...

Richard C. Ham Acquires Multifamily Property In Los Angeles For $6.61M
SOLDMultiFamily

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.

Players

Brett Lyon

Lyon Stahl Investment Real Estate

Broker

$41.1M

vol

7 deals

Broker

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