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859 North Vista Street

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

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

John Katnik

BRC Advisors

Broker

$121.6M

vol

22 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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