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John Boyett Of CBRE Represents Seller In $3M Multifamily Sale At 811 Kodak Drive Los Angeles

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SOLD
$3,000,000

California

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MultiFamily6,373 SF
Sold 11/15/2024
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Property Image
SOLD

John Boyett Of CBRE Represents Seller In $3M Multifamily Sale At 811 Kodak Drive Los Angeles

811 Kodak Drive

See Similar Deals
MultiFamily6,373 SF
Sold 11/15/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$470
Total Square Footage:6,373 SF
Transaction Type:Sale

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

John Boyett
32 deals$190.7M volume(707) 815-7472
BROKER

Details

SOLD
IMAGE: John Boyett DATE: 11/15/2024 ADDRESS: 811 Kodak Drive MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: John Boyett (@John_Boyett_RealEstate) - CBRE (@CBRE) SALE PRICE: $3,000,000 UNITS: 14 ~ PPU: $214,285 SF: 6,373 ~ PPSF: $470

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
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