Updated Dec 21, 2023
Sam Liberow's The Liberow Group Brokers $5.1M Multifamily Sale In Los Angeles
7911 Blackburn Ave, Los Angeles, CA, USA
$5,100,000
$566/SF
Building Size
9,009 SF
Asset Type
MultiFamily
Closing
Apr 29, 2021
About this deal
AI
A multifamily property located at 7911 Blackburn Ave. in Los Angeles has been sold for $5,100,000. The property consists of 16 units with an average price per unit of $318,750. The total square footage of the property is 9,009, resulting in a price per square foot of $566. The Gross Rent Multiplier (GRM) for this property is 16.42x, and the Capitalization Rate (CAP) is 3.38%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Units: 16
- Price per Unit: $318,750
- Total Square Footage: 9,009
- Price per Square Foot: $566
- Gross Rent Multiplier (GRM): 16.42x
- Capitalization Rate (CAP): 3.38%
The sale of this multifamily property was facilitated by broker Sam Liberow from The Liberow Group.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93