Rodeo Realty Acquires Multifamily Property In Beverly Grove For $6.16M
SOLD
$6,155,000
California
See Similar DealsMultiFamily5,514 SF
Sold 12/02/2021
SOLD
Rodeo Realty Acquires Multifamily Property In Beverly Grove For $6.16M
8255 Oakwood Ave, Beverly Grove, Los Angeles, CA, USA
See Similar DealsMultiFamily5,514 SF
Sold 12/02/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,116
Total Square Footage:5,514 SF
Transaction Type:Sale
The multifamily property located at 8255 Oakwood Ave in Beverly Grove has been sold. The transaction was facilitated by Alexa Kort from Rodeo Realty, representing the buyer, and Ginger Glass from Compass, representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,155,000
- Sale Date: 12/02/2021
- Market: Beverly Grove
- Square Footage: 5,514
- Price per Square Foot: $1,116
The buyer's representative, Alexa Kort of Rodeo Realty, worked diligently to secure this property for their client. On the other side, the seller's representative, Ginger Glass of Compass, successfully handled the negotiations and ensured a smooth transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$328,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,867.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,177.84
Annual Debt Service$350,134.08
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