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816 South Eastman Avenue, L...

Updated Oct 29, 2024

Beachwood Holdings LLC Acquires Multifamily Property At 816 S Eastman Ave For $1.5M
SOLDMultiFamily

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

Rebecca Hekmatravan

Compass

Broker

$1.5M

vol

1 deal

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $338 per square foot on a published $1.5M for 4,434 square feet (2019).

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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

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