David Shmukler Acquires Multifamily Property In East Hollywood For $2.04M
1049 North Mariposa Avenue, Los Angeles, CA 90029, USA
$2,040,000
$298/SF
Building Size
6,832 SF
Asset Type
MultiFamily
Closing
Mar 15, 2019
AI
An East Hollywood multifamily property located at 1049 N. Mariposa Avenue was recently sold for a total price of $2,040,000. The property consists of a 6,832 square foot building with 12 units, resulting in a price per square foot of $298. The buyer of the property is David Shmukler. The transaction took place on March 16, 2019. Bryan Glenn and Chris Runyen were the brokers involved in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,040,000
- Address: 1049 N. Mariposa Avenue
- Market: East Hollywood
- Square Footage: 6,832
- Price per Square Foot: $298
- Number of Units: 12
- Price per Unit: $170,000
- Buyer: David Shmukler
- Brokers: Bryan Glenn, Chris Runyen
The sale of this East Hollywood multifamily property at 1049 N. Mariposa Avenue was facilitated by brokers Bryan Glenn and Chris Runyen. The transaction involved a 6,832 square foot building with 12 units, selling at a price of $2,040,000. The buyer of the property is David Shmukler.
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
7.78%
Cash-on-Cash
-2.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93