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1012 West 109th Place

Scott Perkins Acquires Package Deal In Los Angeles For $5.95M
SOLDPackage Deal

Scott Perkins Acquires Package Deal In Los Angeles For $5.95M

1012 West 109th Place

$5,955,000

$313,421/SF

Building Size

19 SF

Asset Type

Package Deal

Closing

Jan 25, 2023

AI

The package deal involving multiple properties in Los Angeles has been closed. The properties included in the deal are located at 1012 West 109th Pl., 1439 West 85th St., 4219 S. Main St., 5414 Compton Ave., and 333 W. 79th St. The transaction was facilitated by Max Berger from the Kenny Stevens Team at Compass. The buyer, Scott Perkins, purchased the properties from Sonja Howard for a total sale price of $5,955,000. The total square footage of the properties is 19,996, resulting in a price per square foot of $298.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $5,955,000
  • Buyer: Scott Perkins
  • Seller: Sonja Howard
  • Broker: Max Berger - Kenny Stevens Team ; Compass
  • Address: 1012 West 109th Pl., 1439 West 85th St., 4219 S. Main St., 5414 Compton Ave., and 333 W. 79th St.
  • Market: Los Angeles
  • Square Footage: 19,996
  • Price per Square Foot: $298

Scott Perkins successfully acquired the package deal of properties in Los Angeles. Sonja Howard acted as the seller in this transaction. Max Berger, from the Kenny Stevens Team at Compass, represented both the buyer and the seller. The deal was closed at a sale price of $5,955,000 for a total square footage of 19,996, resulting in a price per square foot of $298.

Players

Max Berger

Compass

Broker

$85.8M

vol

17 deals

Broker

Sonja Howard

Seller

$8.9M

vol

2 deals

Seller

Los Angeles Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.66%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93