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7307 Willoughby Ave Multifamily Sells For $2.4M With Broker David Kaufman - 7 Units In Excellent Location

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SOLD
$2,385,000

California

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MultiFamily5,384 SF
Sold 02/01/2019
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Property Image
SOLD

7307 Willoughby Ave Multifamily Sells For $2.4M With Broker David Kaufman - 7 Units In Excellent Location

7307 Willoughby Avenue

See Similar Deals
MultiFamily5,384 SF
Sold 02/01/2019
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$443
Total Square Footage:5,384 SF
Transaction Type:Sale

A well-maintained 7-unit Multifamily building located at 7307 Willoughby Ave in an excellent location West of La Brea & South of Santa Monica Blvd was recently sold.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,385,000
  • Size: 5,384 square feet
  • Price per square foot: $442
  • Broker: David Kaufman

The property, spanning 5,384 square feet, was sold for a total of $2,385,000 at a price of $442 per square foot.

David Kaufman of the David Kaufman agency represented the seller in this transaction.

Players

David Kaufman
Lee & Associates
David Kaufman
9 deals$39.6M volume
BROKER

Details

SOLD
IMAGE: David Kaufman @davidbkaufman DATE: 02/01/2019 ADDRESS: 7307 Willoughby Ave. ASSET TYPE: Multifamily PRICE: $2,385,000 SF: 5,384 PPSF: $442 BROKERS: David Kaufman NOTE: Well maintained 7-unit building; Excellent location West of La Brea & South of Santa Monica Blvd.

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

$127,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,473.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,306.12
Annual Debt Service$135,673.40