Wilfred G. Idsten Acquires Miracle Mile Multifamily In $2.45M Deal
741 South Detroit Street, Los Angeles, California 90036, United States
$2,450,000
$553/SF
Building Size
4,429 SF
Asset Type
MultiFamily
Closing
Jul 7, 2022
AI
The multifamily property located at 741 S. Detroit St. in Miracle Mile has been sold in a recent transaction. The sale was facilitated by brokers Sam Liberow of The Liberow Group and Max Gersht of Marcus & Millichap.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Address: 741 S. Detroit St.
- Market: Miracle Mile
The buyer in this transaction is Wilfred G. Idsten, while the seller is Michael Cianfrani. The property consists of 4 units with a total area of 4,429 square feet. The sale price per unit is $612,500, and the price per square foot is $553.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93