7307 Willoughby Ave Multifamily Sells For $2.4M With Broker David Kaufman - 7 Units In Excellent Location
7307 Willoughby Avenue
$2,385,000
$443/SF
Building Size
5,384 SF
Asset Type
MultiFamily
Closing
Feb 1, 2019
AI
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
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
6.65%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93