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840 Imperial Highway

Yaacov Brenenson Acquires Multifamily Property In Los Angeles For $2.9M
SOLDMultiFamily

Yaacov Brenenson Acquires Multifamily Property In Los Angeles For $2.9M

840 Imperial Highway

$2,900,000

$259/SF

Building Size

11,172 SF

Asset Type

MultiFamily

Closing

Jan 17, 2023

AI

Located at 840 Imperial Highway in Los Angeles, this multifamily property has recently been sold in a closed transaction. The property consists of 19 units, with a price per unit of $152,632. The total square footage of the property is 11,172, with a price per square foot of $260. The sale price for this transaction was $2,900,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Units: 19
  • Price per Unit: $152,632
  • Square Footage: 11,172
  • Price per Square Foot: $260
  • Market: Los Angeles

The buyer for this transaction was Yaacov Brenenson, while the seller was Sonja Howard. The deal was facilitated by Brandon Evans of Rosano Capital Partners, who represented the buyer and seller during the transaction.

Players

Brandon Evans

Lyon Stahl Investment Real Estate

Broker

$57.1M

vol

18 deals

Broker

Sonja Howard

Seller

$8.9M

vol

2 deals

Seller

Market 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93