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Tamarack Commercial Helps Facilitate $8.65M Sale Of Multifamily Property In Los Angeles

Property Image
SOLD
$8,650,000

California

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MultiFamily28,662 SF
Sold 11/25/2020
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Property Image
SOLD

Tamarack Commercial Helps Facilitate $8.65M Sale Of Multifamily Property In Los Angeles

910 South Grand View Street, Los Angeles, CA, USA

See Similar Deals
MultiFamily28,662 SF
Sold 11/25/2020
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$301
Total Square Footage:28,662 SF
Transaction Type:Sale

A multifamily property located at 910 S. Grand View Street in Los Angeles has recently been sold. The transaction took place on November 25, 2020. The property, consisting of 41 units, was sold for a price of $8,650,000. This equates to a price per unit of $210,976. The total square footage of the property is 28,662, and the price per square foot is $301. The sale of this multifamily asset was facilitated by Clyde Isaacson of Tamarack Commercial.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $8,650,000
  • Units: 41
  • Price per Unit: $210,976
  • Square Footage: 28,662
  • Price per Square Foot: $301
  • Market: Los Angeles

Clyde Isaacson from Tamarack Commercial played an instrumental role as the broker in this deal. The sale of this multifamily property at 910 S. Grand View Street in Los Angeles reflects a capitalization rate of 5.68%.

Players

Clyde Isaacson
10 deals$72.9M volume
BROKER

Details

SOLD
IMAGE: Clyde Isaacson @TheRealClyde_Isaacson DATE: 11/25/2020 ADDRESS: 910 S. Grand View Street MARKET: Los Angeles ASSET TYPE: Multifamily BROKERS: Clyde Isaacson @TamarackCommercial PRICE: $8,650,000 UNITS: 41 ~ PPU: $210,976 SF: 28,662 ~ PPSF: $301 CAP: 5.68%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$461,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,731.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,005.41
Annual Debt Service$492,064.96