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
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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