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3757 Veteran Avenue

Daisuke Hirai Acquires Multifamily Asset On Veteran Avenue In Los Angeles For $2.15M
SOLDMultiFamily

Daisuke Hirai Acquires Multifamily Asset On Veteran Avenue In Los Angeles For $2.15M

3757 Veteran Avenue

$2,150,000

$506/SF

Building Size

4,248 SF

Asset Type

MultiFamily

Closing

Oct 29, 2024

AI

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:

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.

Players

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93