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Mark Carson Sells Multifamily In Los Angeles For $4.85M

Property Image
SOLD
$4,850,000

California

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MultiFamily11,558 SF
Sold 05/24/2024
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Property Image
SOLD

Mark Carson Sells Multifamily In Los Angeles For $4.85M

835 South Sherbourne Drive

See Similar Deals
MultiFamily11,558 SF
Sold 05/24/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:11,558 SF
Transaction Type:Sale

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
Vinny Jain
15 deals$51.4M volume(310) 433-6214
BROKER

Details

SOLD
IMAGE: Vinny Jain DATE: 05/24/2024 ADDRESS: 835 South Sherbourne Drive MARKET: Los Angeles ASSET TYPE: Multifamily SELLER: Mark Carson SELLER'S REP: Vinny Jain - Ingenious Asset Group (@Ingenious_Asset_Group) SALE PRICE: $4,850,000 UNITS: 13 ~ PPU: $373,077 SF: 11,558 ~ PPSF: $420

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
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