Pacific Urban Residential Acquires Los Feliz Apartment Complex For $55M
SOLD
$55,000,000
California
See Similar DealsOther114,000 SF
Sold 08/29/2018
SOLD
Pacific Urban Residential Acquires Los Feliz Apartment Complex For $55M
1800 North New Hampshire Avenue, Los Angeles, CA 90027, USA
See Similar DealsOther114,000 SF
Sold 08/29/2018
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$482
Total Square Footage:114,000 SF
Transaction Type:Sale
An apartment complex located at 1800 N. New Hampshire Ave in Los Feliz, LA, was recently sold for $55,000,000. The property spans 114,000 square feet and has a price per square foot of $482. It consists of 134 units, with a price per unit of $410,000.
Summary of transaction details
- Property Type: Apartment complex
- Transaction Amount: $55,000,000
- SF: 114,000
- PPSF: $482
- Units: 134
- PPU: $410,000
Kitty Wallace of Colliers International represented the seller, 1800 New Hampshire Associates, in the transaction. The buyer was Pacific Urban Residential.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,933,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$195,403.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$260,728.06
Annual Debt Service$3,128,736.72
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