Updated Sep 9, 2024
Julio Davila Acquires Student Housing In Los Angeles For $3.45M
2325 Portland Street
$3,450,000
$653/SF
Building Size
5,277 SF
Asset Type
Student Housing
Closing
Aug 15, 2022
About this deal
AI
A student housing property located at 2325 Portland St and 1142 W. 25th St in Los Angeles has been sold for $3,450,000. The property spans 5,277 square feet with a price per square foot of $654.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $3,450,000
- Address: 2325 Portland St & 1142 W. 25th St
- Market: Los Angeles
- Size: 5,277 square feet
- Price per Square Foot: $654
The buyer of the property is Julio Davila, and the seller is Patricia Cervantes. The transaction was facilitated by Darin Spillman from Kidder Mathews.
On the Map
$3,450,000
$653/SF
Student Housing
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Players
Newberg 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93