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806 South Burlington Avenue

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

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

$137.6M

vol

19 deals

Broker

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