Updated Sep 9, 2024
Rittenhouse Realty Advisors And Coldwell Banker Realty Facilitate $8.4M Sale Of Shared Living Property In Los Angeles
1164 Kenmore Avenue, Los Angeles
$8,400,000
Units
5
Asset Type
Student Housing
Closing
Nov 1, 2022
About this deal
AI
The shared living property located at 1164 N Kenmore Ave in Los Angeles, CA has been sold for a total price of $8,400,000. The property consists of 5 units, with each unit having an average price per unit (PPU) of $1,680,000. The property includes a total of 29 bedrooms, with an average price per bedroom (PPB) of $289,655. This transaction took place on 11/01/2022 and was facilitated by brokers Ken Wellar from Rittenhouse Realty Advisors and Eddie Ha from Coldwell Banker Realty.
Summary of transaction details:
- Property Type: Shared Living
- Sale Price: $8,400,000
- Units: 5
- PPU: $1,680,000
- Bedrooms: 29
- PPB: $289,655
The sale of this shared living property was handled by Ken Wellar from Rittenhouse Realty Advisors and Eddie Ha from Coldwell Banker Realty. They played a crucial role in facilitating the transaction and ensuring a successful deal for all parties involved.
Players
Los Angeles Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93