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
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