SOLD
Lorraine Jaffe Acquires 12-Unit Mid City Multifamily For $3.375M
5804 San Vicente Boulevard
MultiFamily
9,818 SF
9,818 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
9,818 sqft
The multifamily property located at 5804 San Vicente Blvd. in Mid City has been sold. The property consists of 12 units with a total of 9,818 square feet. The sale price for this transaction was $3,375,000, resulting in a price per unit of $281,250. The price per square foot was calculated to be $343. The Gross Rent Multiplier (GRM) for this property was 18.13x, and the Capitalization Rate (CAP) was 3.46%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,375,000
- Units: 12
- Price per Unit: $281,250
- Square Feet: 9,818
- Price per Square Foot: $343
- Gross Rent Multiplier (GRM): 18.13x
- Capitalization Rate (CAP): 3.46%
Lorraine Jaffe is the buyer of this property, while Paul Silver is the seller. Jordan Asheghian and Tony Azzi from Marcus & Millichap represented the buyer as their representatives, whereas Dana Brody, also from Marcus & Millichap, acted as the seller's representative. During the transaction, the property was sold for 18.13x GRM with a 3.46% Cap Rate.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Dana Brody, Jordan Asheghian & Tony Azzi
DATE: 12/30/2021
ADDRESS: 5804 San Vicente Blvd.
MARKET: Mid City
ASSET TYPE: Multifamily
BUYER: Lorraine Jaffe
SELLER: Paul Silver
BUYER’S REP: Jordan Asheghian (@Instayord) & Tony Azzi (@The_Azzigroup) - Marcus & Millichap
SELLER’S REP: Dana Brody (@TheBrodyGroup) - Marcus & Millichap
SALE PRICE: $3,375,000
UNITS: 12 ~ PPU: $281,250
SF: 9,818 ~ PPSF: $343
GRM: 18.13x
CAP: 3.46%
NOTE FROM BROKER: Property sold for 18.13x GRM. 3.46% Cap RateView on map
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Address5804 San Vicente Boulevard
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