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860 S Curson Ave, Los Angel...

Updated Oct 28, 2024

Metros Capital Acquires 2-Unit Multifamily In Miracle Mile, Los Angeles For $1.71M
SOLDMultiFamily

Metros Capital Acquires 2-Unit Multifamily In Miracle Mile, Los Angeles For $1.71M

860 S Curson Ave, Los Angeles, CA

$1,710,000

$440/SF

Building Size

3,886 SF

Asset Type

MultiFamily

Closing

Oct 27, 2022

About this deal

AI

The multifamily property located at 860 S Curson Ave in Miracle Mile, Los Angeles, CA has been sold in a recent transaction. The property comprises 2 units with a total square footage of 3,886. The sale price for the property was $1,710,000, resulting in a per unit price of $855,000 and a price per square foot of $440.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,710,000
  • Number of Units: 2
  • Price Per Unit: $855,000
  • Square Footage: 3,886
  • Price Per Square Foot: $440
  • Address: 860 S Curson Ave, Miracle Mile, Los Angeles, CA

The buyers of the property are Nick Fenmore and Nick Halaris from Metros Capital, while Edward Ring acted as the seller. The deal was facilitated by brokers Sam Liberow and Darian Saidi from The Liberow Group at Marcus & Millichap.

On the Map

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$1,710,000

$440/SF

MultiFamily

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Players

Sam Liberow

Marcus & Millichap

Broker

$799.3M

vol

112 deals

Broker

Nick Fenmore

Metros Capital

Buyer

$3.4M

vol

2 deals

Buyer

Edward Ring

New Standard Equities

Seller

$124.3M

vol

4 deals

Seller
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $440 per square foot on a published $1.7M for 3,886 square feet (2022).

Visit Sam Liberow to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.28%

Cash-on-Cash

-2.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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