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806 South Burlington Avenue

Updated Dec 4, 2024

Bilt advertisement
John Swartz & Jacqueline Carroll Of True North CRE And Compass Sell Multifamily In Los Angeles
SOLDMultiFamily

John Swartz & Jacqueline Carroll Of True North CRE And Compass Sell Multifamily In Los Angeles

806 South Burlington Avenue

$7,200,000

$211/SF

Building Size

34,074 SF

Asset Type

MultiFamily

Closing

Jul 3, 2024

About this deal

AI

The multifamily property located at 806 South Burlington Avenue in Los Angeles was recently sold for $7,200,000. The property consists of 39 units with a price per unit of $184,615. The total square footage of the property is 34,074, equating to a price per square foot of $211.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $7,200,000
  • Units: 39
  • Price Per Unit: $184,615
  • Square Footage: 34,074
  • Price Per Square Foot: $211
  • Address: 806 South Burlington Avenue, Los Angeles
  • Market: Los Angeles
  • Brokers: John Swartz - True North CRE & Jacqueline Carroll - Compass

John Swartz from True North CRE and Jacqueline Carroll from Compass facilitated the transaction. Both brokers played a crucial role in the successful sale of the multifamily property. Their expertise and professionalism contributed to finalizing the deal efficiently.

Players

John Swartz

Compass

Broker

$143.3M

vol

22 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $211 per square foot on a published $7.2M for 34,074 square feet (2024).

Visit John Swartz to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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