Jeff Harris Acquires Multifamily Property From Henry Manacherri At 822 Myrtle Ave Inglewood
822 Myrtle Avenue
$2,900,000
$341/SF
Building Size
8,500 SF
Asset Type
MultiFamily
Closing
Feb 23, 2024
AI
The multifamily property located at 822 Myrtle Avenue in Inglewood was sold for $2,900,000. The property consists of 9 units with a total square footage of 8,500. The price per unit was $322,222, and the price per square foot was $341.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 822 Myrtle Avenue
- Market: Inglewood
- Units: 9
- Seller: Henry Manacherri
- Buyer: Jeff Harris
- Buyer's Rep: Alex Galuz
- Seller's Rep: Adrienne Barr - Berkadia
The buyer, Jeff Harris, was represented by Alex Galuz, while the seller, Henry Manacherri, was represented by Adrienne Barr from Berkadia in this transaction.
Players
Inglewood 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93