Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Multifamily Asset In Fairfax District For $3.186M
7714 Rosewood Avenue, Los Angeles, CA 90036, USA
$3,186,000
$526/SF
Building Size
6,054 SF
Asset Type
MultiFamily
Closing
May 2, 2019
About this deal
AI
A multifamily property located at 7714 Rosewood Ave in the Fairfax District has been sold for $3.186 million. This property consists of 8 units, with each unit being sold for an average price of $398,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3.186 million
The sale of this multifamily property was facilitated by brokers Filip Niculete, Glen Scher, and Nicolas Aiello from Marcus & Millichap.
The multifamily sale at 7714 Rosewood Avenue, Los Angeles, CA 90036, USA in Los Angeles, California sold for $3.2M in 2019. Reported inventory is 6,054 square feet across 8 units, or about 526 per square foot. Glen Scher, Nicholas Aiello, Filip Niculete, Compass appear on the sale alongside Compass, Marcus & Millichap. This page is the Los Angeles, California file for the 7714 Rosewood Avenue, Los Angeles, CA 90036, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 7714 Rosewood Avenue, Los Angeles, CA 90036, USA around 2019. Published consideration for 7714 Rosewood Avenue, Los Angeles, CA 90036, USA is $3.2M, dated 2019. Cite this Marcus & Millichap Brokers Sell Multifamily Asset In Fairfax District For $3.186M sale when underwriting similar multifamily product around Los Angeles, California.
Players
Los Angeles MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.98%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93