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
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