Multifamily In Los Angeles Sold For $6.9M With Brokers Bryan Schellinger & Steven Goldstein
SOLD
$6,895,000
California
See Similar DealsMultiFamily24,980 SF
Sold 11/17/2020
SOLD
Multifamily In Los Angeles Sold For $6.9M With Brokers Bryan Schellinger & Steven Goldstein
950 S St Andrews Pl, Los Angeles, CA, USA
See Similar DealsMultiFamily24,980 SF
Sold 11/17/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$276
Total Square Footage:24,980 SF
Transaction Type:Sale
Located at 950 South St. Andrews in Los Angeles, this multifamily property was sold on November 17, 2020. The transaction was facilitated by brokers Bryan Schellinger and Steven Goldstein. The property consists of 28 units with a price per unit of $246,250. It spans a total area of 24,980 square feet with a price per square foot of $276. The sale closed at $6,895,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,895,000
- Units: 28
- Price Per Unit: $246,250
- Total Area: 24,980 square feet
- Price Per Square Foot: $276
- Brokers: Bryan Schellinger & Steven Goldstein
Bryan Schellinger and Steven Goldstein played key roles in representing the involved parties in this transaction. They successfully closed the deal, showcasing their expertise and professionalism.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$367,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,496.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,685.82
Annual Debt Service$392,229.81
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