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858 South Bedford Street, L...

The Liberow Group Of Marcus & Millichap Sells Multifamily Property In Los Angeles For $11.5M
SOLDMultiFamily

The Liberow Group Of Marcus & Millichap Sells Multifamily Property In Los Angeles For $11.5M

858 South Bedford Street, Los Angeles, California 90035, United States

$11,500,000

$530/SF

Building Size

21,671 SF

Asset Type

MultiFamily

Closing

Oct 6, 2022

AI

The multifamily property located at 858 S Bedford St in Los Angeles, CA has been sold for a price of $11,500,000. The sale was facilitated by brokers Sam Liberow and Max Gersht from The Liberow Group, who represented the buyer and seller in the transaction. The property consists of 14 units, with a price per unit of $821,429. It has a total square footage of 21,671, resulting in a price per square foot of $531.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,500,000
  • Address: 858 S Bedford St
  • Market: Los Angeles, CA
  • Brokers: Sam Liberow & Max Gersht - The Liberow Group - Marcus & Millichap
  • Units: 14
  • Price per Unit: $821,429
  • Square Footage: 21,671
  • Price per Square Foot: $531

The deal was successfully closed on 10/07/2022, with Sam Liberow and Max Gersht of The Liberow Group playing the pivotal role in facilitating the transaction. Their representation provided the necessary expertise to ensure a smooth process for both the buyer and seller.

Players

Max Gersht

Marcus & Millichap

Broker

$66M

vol

20 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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93