Updated Mar 11, 2025
Elan Oulav Refinances East Hollywood Multifamily For $4.7M With Continental Partners Loan
4537 Fountain Avenue, Los Angeles, California 90029, United States
$4,700,000
$226/SF
Building Size
20,765 SF
Asset Type
MultiFamily
Closing
Feb 23, 2022
About this deal
AI
Located in East Hollywood, the multifamily property at 4537-4551 Fountain Ave. has recently undergone a loan refinancing transaction. The property spans approximately 20,765 square feet and consists of 53 units. The deal was facilitated by Brian Asheghian from Elan Oulav, who represented the landlord. Continental Partners provided the loan for this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Loan Type: Refinance
Leading the deal was Brian Asheghian of Elan Oulav, who acted as the broker. While no additional information is available, it's evident that this refinancing deal demonstrates the ongoing value and investment potential of the property in the East Hollywood market.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93