Updated Oct 29, 2024
Beachwood Holdings LLC Acquires Multifamily Property At 816 S Eastman Ave For $1.5M
816 South Eastman Avenue, Los Angeles, CA 90023, USA
$1,500,000
$338/SF
Building Size
4,434 SF
Asset Type
MultiFamily
Closing
Apr 4, 2019
About this deal
AI
Located at 816 S Eastman Ave, this multifamily property recently changed hands in a sale transaction. The property spans across 4,434 square feet, offering a total of six units. The sale took place on 04/05/2019, with a final price of $1,500,000. This translates to a price per square foot (PPSF) of $338. The buyer, Beachwood Holdings LLC, acquired the property from seller Saul Renteria. The transaction was facilitated by brokers Rebecca Hekmatravan and Kenya Reeves-Costa.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Property Address: 816 S Eastman Ave
- Square Footage: 4,434
- Price per Square Foot (PPSF): $338
- Number of Units: 6
- Price per Unit (PPU): $250,000
Rebecca Hekmatravan and Kenya Reeves-Costa were the brokers involved in this transaction. Their expertise and negotiation skills played a crucial role in bringing the deal to fruition. Both buyers and sellers were provided with exceptional guidance and support throughout the process.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93