Updated Oct 28, 2024
Pax Urban & Avo Secures $25.8M Construction Loan For Los Angeles Multifamily Property
1419 New Hampshire Avenue
$25,870,000
$488/SF
Building Size
53,000 SF
Asset Type
MultiFamily
Closing
Jun 17, 2022
About this deal
AI
The multifamily property located at 1419 N. New Hampshire Ave in Los Angeles has been involved in a recent transaction. The property spans a total of 53,000 square feet and is categorized as multifamily.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,870,000
- Market: Los Angeles
- Lender: Techo Real Estate - JP Ackerman
- Landlord: Pax Urban & Avo
- Brokers: Malcolm Davies & Zack Streit – WAY Capital
JP Ackerman from Techo Real Estate served as the lender for this transaction. The landlord on record for the property is Pax Urban & Avo. The brokers involved in the deal were Malcolm Davies and Zack Streit from WAY 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
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93