SOLD
Jerry Wise - BRAD Management Acquires Beverly Grove Multifamily For $2.55M
6439 Orange Street
MultiFamily
7,376 SF
7,376 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
7,376 sqft
A multifamily property located at 6439 Orange St. in Beverly Grove has been sold for $2,550,000. The property consists of 12 units with a price per unit of $212,500. Spanning across 7,376 square feet, the property was sold at a price per square foot of $345. The transaction resulted in a capitalization rate of 5.19%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Units: 12
- Price per Unit: $212,500
- Square Footage: 7,376
- Price per Square Foot: $345
- Capitalization Rate: 5.19%
The buyer of the property was Jerry Wise, represented by BRAD Management. The transaction was facilitated by brokers Martin Ensbury, Mike Millea, and Nicholas Ensbury from The Ensbury Group of KW Commercial. The lending for the deal was provided by Tyler Virgadamo from Marcus & Millichap Capital Corp.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Michael Millea @BrentGibro, Nick Ensbury @NEnsbury, Martin Ensbury
DATE: 04/13/2021
ADDRESS: 6439 Orange St.
MARKET: Beverly Grove
ASSET TYPE: Multifamily
BUYER: Jerry Wise - BRAD Management
BROKERS: Martin Ensbury, Mike Millea & Nicholas Ensbury @NEnsbury (The Ensbury Group) - KW Commercial
LENDER: Tyler Virgadamo - Marcus & Millichap Capital Corp.
SALE PRICE: $2,550,000
UNITS: 12 ~ PPU: $212,500
SF: 7,376 ~ PPSF: $345
CAP: 5.19%View on map
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Address6439 Orange Street
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