John Boyett Of CBRE Represents Seller In $3M Multifamily Sale At 811 Kodak Drive Los Angeles
811 Kodak Drive
$3,000,000
$470/SF
Building Size
6,373 SF
Asset Type
MultiFamily
Closing
Nov 15, 2024
AI
The property asset involved in this transaction is a multifamily building located at 811 Kodak Drive in the Los Angeles market. The sale price of the asset was $3,000,000, comprising 14 units. The total square footage of the property is 6,373, resulting in a price per unit of $214,285 and a price per square foot of $470.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 14
- Square Footage: 6,373
- Price Per Unit: $214,285
- Price Per Square Foot: $470
- Date of Sale: 11/15/2024
- Broker: John Boyett - CBRE
The deal was represented by John Boyett from CBRE, underscoring the involvement of a significant broker in facilitating this transaction. The representation indicates a professional service ensuring the sale process was handled efficiently and effectively in the competitive Los Angeles multifamily market.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93