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
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.
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