Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,900,000
$341/SF
MultiFamily
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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