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860 South Curson Avenue, Lo...

Metros Capital Acquires Miracle Mile Multifamily For $1.7M
SOLDMultiFamily

Metros Capital Acquires Miracle Mile Multifamily For $1.7M

860 South Curson Avenue, Los Angeles, California 90036, United States

$1,710,000

$440/SF

Building Size

3,886 SF

Asset Type

MultiFamily

Closing

Oct 26, 2022

AI

Located in the Miracle Mile neighborhood of Los Angeles, California, the multifamily property at 860 S Curson Ave has been sold in a recent transaction. The sale took place on October 27, 2022, with Sam Liberow and Darian Saidi from The Liberow Group at Marcus & Millichap serving as the brokers in the deal.

Summary of transaction details

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

The buyers in this transaction were Nick Fenmore and Nick Halaris from Metros Capital. They acquired the property for $1,710,000, which translates to a price of $855,000 per unit. The property spans across 3,886 square feet, resulting in a price per square foot of $440.

The seller of the property was Edward Ring. Sam Liberow and Darian Saidi, representing The Liberow Group at Marcus & Millichap, facilitated the sale as brokers in the deal.

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