Updated Dec 19, 2023
Milton Mabry, Sr. Acquires Multifamily Property In Los Angeles For $5.5M
7040 Flight Avenue, Los Angeles, California 90045, United States
$5,499,000
$549/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
The multifamily property located at 7040 Flight Ave in Los Angeles, CA has been sold in a recent transaction. The property spans across 10,000 square feet and was sold for a price of $5,499,000, resulting in a price per square foot of $549.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,499,000
- Address: 7040 Flight Ave, Los Angeles, CA
- Market: Los Angeles, CA
Milton Mabry, Sr. acted as the buyer in this transaction, while Kathryn E Anthony served as the seller. Both parties were represented by their respective brokers.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93