Updated Oct 29, 2024
Friendship LLC Acquires 6-Unit Multifamily Property On S. Holt Ave For $2.41M
814 South Holt Avenue, Los Angeles, CA 90035, USA
$2,410,000
$434/SF
Building Size
5,550 SF
Asset Type
MultiFamily
Closing
Jan 22, 2019
About this deal
AI
A multifamily property located at 814 S. Holt Ave has been sold for $2,410,000. The property consists of 6 units with a price per square foot of $434.23 and a price per unit of $401,667. The buyer of the property is Friendship LLC, while the seller is 814 Holt Apartments LLC. The transaction was facilitated by Sam Liberow, Max Gersht, and Jordan Epstein from the Liberow Group at Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,410,000
- Address: 814 S. Holt Ave
- Units: 6
- Price per Square Foot: $434.23
- Price per Unit: $401,667
- Buyer: Friendship LLC
- Seller: 814 Holt Apartments LLC
- Agents: Sam Liberow, Max Gersht, and Jordan Epstein from the Liberow Group at Marcus & Millichap
Max Gersht, Jordan Epstein, and Sam Liberow, representing the Liberow Group at Marcus & Millichap, were instrumental in facilitating the sale of the multifamily property located at 814 S. Holt Ave. Their expertise and negotiation skills contributed to the successful conclusion of the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.58%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93