Jesse Paster Acquires 37-Unit Multifamily In Los Angeles For $4.1M
SOLD
$4,100,000
California
See Similar DealsMultiFamily22,556 SF
Sold 12/04/2023
SOLD
Jesse Paster Acquires 37-Unit Multifamily In Los Angeles For $4.1M
732 South Normandie Avenue
See Similar DealsMultiFamily22,556 SF
Sold 12/04/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$181
Total Square Footage:22,556 SF
Transaction Type:Sale
A multifamily property located at 732 South Normandie Avenue in Los Angeles has been sold for a price of $4,100,000. The property consists of 37 units, with an average price per unit of $110,811. The total square footage of the property is 22,556, with an average price per square foot of $182.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 37
- Price Per Unit: $110,811
- Square Footage: 22,556
- Price Per Square Foot: $182
The buyer of the property is Jesse Paster, and the seller is Mark Majid. The sale was facilitated by brokers Jakob Friedman, Michael Dixon, and Steven Weiss of NAI Capital.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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