Updated Oct 28, 2024
Housing Diversity Corporation Acquires Multifamily Property In South Park For $41.1M
1411 South Flower Street, Los Angeles, California 90015, United States
$41,100,000
$429/SF
Building Size
95,694 SF
Asset Type
MultiFamily
Closing
Mar 16, 2022
About this deal
AI
The multifamily property located at 1411 South Flower Street in South Park has been involved in a recent transaction. The property consists of 227 units, with a total square footage of 95,694. The transaction took place on 03/17/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,100,000
- Address: 1411 South Flower Street
- Market: South Park
- Lender: lument''>Lument Capital
- Landlord: Housing Diversity Corporation - Brad Padden
Brad Padden from Housing Diversity Corporation represented the landlord in this transaction. The lender for the transaction was Lument Capital.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93