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Yoron Levy Acquires Multifamily Property In Melrose District For $3M

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SOLD
$3,000,000

California

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MultiFamily
Sold 03/08/2021
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Property Image
SOLD

Yoron Levy Acquires Multifamily Property In Melrose District For $3M

819-21 Ogden Avenue, San Francisco, CA, USA

See Similar Deals
MultiFamily
Sold 03/08/2021
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 819-21 Ogden Ave. & 823-25 Ogden Ave. in the Melrose District has been sold. The transaction took place on 03/08/2021. The property consists of 4 units with a total square footage of 2,388. The sale price was $3,000,000, resulting in a price per unit of $750,000. The price per square foot is $230, and the capitalization rate is 0.5%. The buyer of the property is Yoron Levy, and the seller is Mark Algazy. The property was listed by K. Becky Eriksson & Laura Alice Scaturro from an undisclosed agency.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Buyer: Yoron Levy
  • Seller: Mark Algazy
  • Brokers: K. Becky Eriksson & Laura Alice Scaturro

The sale of this multifamily property in the Melrose District involved key individuals such as Yoron Levy, who acted as the buyer, and Mark Algazy, who served as the seller. The transaction was facilitated by brokers K. Becky Eriksson & Laura Alice Scaturro. This sale provides valuable insights into the current real estate market in the Melrose District and showcases the expertise of the brokers involved.

Players

10 deals$33.4M volume(424) 404-9993
BROKER

Details

SOLD
IMAGE: K. Becky Eriksson & Laura Alice Scaturro DATE: 03/08/2021 ADDRESS: 819-21 Ogden Ave. & 823-25 Ogden Ave. MARKET: Melrose District ASSET TYPE: Multifamily BUYER: Yoron Levy SELLER: Mark Algazy BROKERS: K. Becky Eriksson & Laura Alice Scaturro ASKING PRICE: $3,300,000 SALE PRICE: $3,000,000 UNITS: 4 ~ PPU: $750,000 SF: 2,388 ~ PPSF: $230 CAP: 0.5%

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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
Annual Debt Service$170,658.37