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Julio Davila Acquires Student Housing In Los Angeles For $3.45M

Property Image
SOLD
$3,450,000

California

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Student Housing5,277 SF
Sold 08/15/2022
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Property Image
SOLD

Julio Davila Acquires Student Housing In Los Angeles For $3.45M

2325 Portland Street

See Similar Deals
Student Housing5,277 SF
Sold 08/15/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Student Housing
Price Per Square Foot:$653
Total Square Footage:5,277 SF
Transaction Type:Sale

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.

Players

Darin Spillman
Kidder Mathews
Darin Spillman
15 deals$55.2M volume(310) 592-8269
BROKER

Details

SOLD
IMAGE: Darin Spillman DATE: 08/15/2022 ADDRESS: 2325 Portland St & 1142 W. 25th St MARKET: Los Angeles ASSET TYPE: Student Housing BUYER: Julio Davila SELLER: Patricia Cervantes BROKER: Darin Spillman (@DarinSpillmankidder) - Kidder Mathews SALE PRICE: $3,450,000 SF: 5,277 ~ PPSF: $654

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
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