Gilda Minaie Acquires Modern Duplex At 859 North Vista St For $2.65M
859 North Vista Street
$2,655,000
$687/SF
Building Size
3,860 SF
Asset Type
MultiFamily
Closing
Jun 13, 2024
AI
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
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
5.97%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93