Debby Perkins & Mark Ehlers Of Strand Hill And Imperial Real Estate Acquire MultiFamily Property In Los Angeles For $1.7M
SOLD
$1,700,000
California
See Similar DealsMultiFamily3,634 SF
Sold 07/25/2023
SOLD
Debby Perkins & Mark Ehlers Of Strand Hill And Imperial Real Estate Acquire MultiFamily Property In Los Angeles For $1.7M
703 W 79th St Los Angeles, CA 90044, USA
See Similar DealsMultiFamily3,634 SF
Sold 07/25/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$467
Total Square Footage:3,634 SF
Transaction Type:Sale
The multi-family property located at 703 West 79th Street in Los Angeles has been sold for $1,700,000. The property consists of 6 units, with a price per unit of $283,333. The total square footage of the property is 3,634, resulting in a price per square foot of $468.
Summary of transaction details
- Property Type: MultiFamily
- Sale Price: $1,700,000
- Units: 6
- Price per Unit: $283,333
- Square Footage: 3,634
- Price per Square Foot: $468
- Address: 703 West 79th Street
- Market: Los Angeles
The seller of the property is Sam Grayeli. Debby Perkins from Strand Hill and Mark Ehlers from Imperial Real Estate represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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