Craig Silvers Acquires MultiFamily Property In Los Angeles From Thomas James Homes For $3.19M
10560 Ayres Ave Los Angeles, CA 90064, USA
$3,190,000
$812/SF
Building Size
3,924 SF
Asset Type
MultiFamily
Closing
Jun 28, 2023
AI
A multi-family property located at 10560 Ayres Avenue in Los Angeles has been sold for a total price of $3,190,000. The property consists of 2 units and spans a total area of 3,924 square feet. The sale price per unit is $1,595,000, while the price per square foot is $813.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,190,000
- Units: 2
- Price Per Unit: $1,595,000
- Square Footage: 3,924
- Price Per Square Foot: $813
- Market: Los Angeles
The buyer of the property is Craig Silvers, while the seller is Thomas James Homes. The transaction was facilitated by David Saghian from Kidder Mathews, who acted as the broker representing both parties.
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
4.97%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93