facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

860 S Curson Ave, Los Angel...

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

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.

Players

Sam Liberow

Marcus & Millichap

Broker

$762.3M

vol

105 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

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

9.28%

Cash-on-Cash

-2.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93