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Gilda Minaie Acquires Modern Duplex At 859 North Vista St For $2.65M

Property Image
SOLD
$2,655,000

California

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MultiFamily3,860 SF
Sold 06/13/2024
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Property Image
SOLD

Gilda Minaie Acquires Modern Duplex At 859 North Vista St For $2.65M

859 North Vista Street

See Similar Deals
MultiFamily3,860 SF
Sold 06/13/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$687
Total Square Footage:3,860 SF
Transaction Type:Sale

In Los Angeles, a modern duplex at 859 North Vista Street was sold for $2,655,000. The property features two townhome units with high-end finishes, solar panels, and proximity to vibrant dining and retail spots in the Fairfax area.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,655,000
  • Units: 2
  • Price per Unit: $1,327,500
  • Total Square Footage: 3,860
  • Price per Square Foot: $688
  • Address: 859 North Vista Street
  • Market: Los Angeles

Gilda Minaie from Associated Realtors represented the buyer in the transaction, while John Katnik from BRC Advisors represented the seller. The property's appeal to owner-users and seasoned investors alike was accentuated by its modern features and convenient location.

Players

John Katnik
22 deals$121.6M volume(424) 317-9569
BROKER

Gilda Minaie
Associated Realtors
1 deal$2.7M volume(949) 400-9399
BROKER

Details

SOLD
IMAGE: Gilda Minaie & John Katnik DATE: 06/13/2024 ADDRESS: 859 North Vista Street MARKET: Los Angeles ASSET TYPE: Multifamily BUYER'S REP: Gilda Minaie - Associated Realtors SELLER'S REP: John Katnik - BRC Advisors SALE PRICE: $2,655,000 UNITS: 2 ~ PPU: $1,327,500 SF: 3,860 ~ PPSF: $688 NOTE: In Los Angeles, a modern duplex at 859 North Vista Street was sold for $2,655,000. Represented by Gilda Minaie of Associated Realtors for the buyer and John Katnik of BRC Advisors for the seller, the property features two townhome units with high-end finishes, solar panels, and proximity to vibrant dining and retail spots in the Fairfax area, appealing to owner-users and seasoned investors alike.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$141,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,432.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,586.05
Annual Debt Service$151,032.65