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
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
9.28%
Cash-on-Cash
-2.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93