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.
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