Updated Oct 29, 2024
Taljon Holdings LLC Acquires Multifamily Property In Miracle Mile For $4.45M
1053 1/2 South Genesee Avenue, Los Angeles, CA, USA
$4,450,000
$371/SF
Building Size
11,967 SF
Asset Type
MultiFamily
Closing
Jul 1, 2019
About this deal
AI
A multifamily property located at 1041-1053 1/2 Genesee Avenue in Miracle Mile was recently sold for a price of $4,450,000. The property spans across 11,967 square feet, resulting in a price per square foot of $371.86. The transaction took place on 07/02/2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,450,000
- Square Footage: 11,967
- Price per Square Foot: $371.86
- Address: 1041-1053 1/2 Genesee Avenue
- Market: Miracle Mile
Taljon Holdings LLC acquired the property from Michael Custer. Jason Tuvia and Josh Yeager represented the buyer and seller respectively in the deal.
On the Map
$4,450,000
$371/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Josh Yeager to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93