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835 South Sherbourne Drive

Mark Carson Sells Multifamily In Los Angeles For $4.85M
SOLDMultiFamily

Mark Carson Sells Multifamily In Los Angeles For $4.85M

835 South Sherbourne Drive

$4,850,000

$419/SF

Building Size

11,558 SF

Asset Type

MultiFamily

Closing

May 24, 2024

AI

The multifamily property located at 835 South Sherbourne Drive in Los Angeles was sold for $4,850,000. The property consists of 13 units with a price per unit of $373,077 and spans across 11,558 square feet, resulting in a price per square foot of $420.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $4,850,000
  • Units: 13
  • Price Per Unit: $373,077
  • Square Footage: 11,558
  • Price Per Square Foot: $420
  • Address: 835 South Sherbourne Drive
  • Market: Los Angeles
  • Seller: Mark Carson
  • Seller's Representative: Vinny Jain - Ingenious Asset Group

Vinny Jain from Ingenious Asset Group represented the seller, Mark Carson, in the transaction, showcasing professional expertise and knowledge in facilitating the sale.

Players

Vinny Jain

Ingenious Asset Group

Broker

$51.4M

vol

15 deals

Broker

Los Angeles 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

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93