Updated Dec 4, 2024
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
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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