Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,850,000
$419/SF
MultiFamily
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Los Angeles MultiFamily Market Snapshot
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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