Daisuke Hirai Acquires Multifamily Asset On Veteran Avenue In Los Angeles For $2.15M
SOLD
California
See Similar DealsMultiFamily4,248 SF
Sold 10/29/2024
SOLD
Daisuke Hirai Acquires Multifamily Asset On Veteran Avenue In Los Angeles For $2.15M
3757 Veteran Avenue
See Similar DealsMultiFamily4,248 SF
Sold 10/29/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$506
Total Square Footage:4,248 SF
Transaction Type:Sale
The multifamily property located at 3757 Veteran Avenue in Los Angeles has been sold for $2,150,000. This asset comprises 6 units and spans a total square footage of 4,248, resulting in a price per unit of $358,333 and a price per square foot of $506.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Units: 6
- Square Footage: 4,248
- Price Per Unit: $358,333
- Price Per Square Foot: $506
- Buyer: Daisuke Hirai
- Seller: Gary Goren
- Seller's Representative: Zac Freehling & Tyler Farrar - Pacific Partners Real Estate Investments
This transaction involved key individuals including buyer Daisuke Hirai and seller Gary Goren, with Zac Freehling and Tyler Farrar representing the seller in the deal under Pacific Partners Real Estate Investments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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