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945 West 62nd Place

Kyle Ransford Buys Multifamily Property In Los Angeles For $1.45M
SOLDMultiFamily

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:

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.

Players

Jeff Pierce

Miller & Desatnik Realty

Broker

$14.1M

vol

4 deals

Broker

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