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822 Myrtle Avenue

Jeff Harris Acquires Multifamily Property From Henry Manacherri At 822 Myrtle Ave Inglewood
SOLDMultiFamily

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

Alex Galuz

Keller Williams Realty

Broker

$90.3M

vol

14 deals

Broker

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