SOLD
Stepp Commercial Sells Los Angeles Multifamily Property On Isleta Street & Church Lane For $4.8M
11307 Isleta Street & 217 Church Lane
MultiFamily
10,000 SF
10,000 SF
Summary
Sale
CALIFORNIA
MultiFamily
10,000 sqft
Kimberly Stepp of Stepp Commercial facilitated the sale of a multifamily property located at 11307 Isleta Street and 217 Church Lane in Los Angeles. The transaction took place on 08/29/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,805,000
- Number of Units: 12
- Price per Unit: $400,417
- Total Square Footage: 10,000 SF
- Price per Square Foot: $481
- Capitalization Rate: 3.2%
The property consists of 12 units with a total square footage of 10,000 SF. The sale price for the property was $4,805,000, resulting in a price per unit of $400,417. The price per square foot was calculated to be $481, and the cap rate for the property is 3.2%.
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Details
SOLD
IMAGE: Kimberly Stepp
DATE: 08/29/2022
ADDRESS: 11307 Isleta Street & 217 Church Lane
MARKET: Los Angeles
ASSET TYPE: Multifamily
BROKER: Kimberly Stepp - Stepp Commercial (@Stepp_Commercial)
SALE PRICE: $4,805,000
UNITS: 12 ~ PPU: $400,417
SF: 10,000 ~ PPSF: $481
CAP RATE: 3.2%View on map
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Address11307 Isleta Street & 217 Church Lane
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