Kyle Ransford Buys Multifamily Property In Los Angeles For $1.45M
945 West 62nd Place
$1,450,000
$354/SF
Building Size
4,096 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
AI
The multifamily property located at 945 West 62nd Place in Los Angeles was sold in a recent transaction. The property comprises 8 units with a total square footage of 4,096. The sale price was $1,450,000, reflecting a price per unit of $181,250 and a price per square foot of $354.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Buyer: Kyle Ransford
- Seller: Shafaq Sattar
- Buyer's Rep: Jeff Pierce - Miller & Desatnik Realty
- Asking Price: $1,500,000
- Units: 8
Kyle Ransford was the buyer of the property, with Jeff Pierce from Miller & Desatnik Realty representing him in the transaction. The seller was Shafaq Sattar. This deal showcases the involvement of key individuals and the realty agency facilitating the successful transaction.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93