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10560 Ayres Ave Los Angeles...

Craig Silvers Acquires MultiFamily Property In Los Angeles From Thomas James Homes For $3.19M
SOLDMultiFamily

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

David Saghian

Lyon Stahl Investment Real Estate

Broker

$170M

vol

26 deals

Broker

Thomas James

Thomas James Homes

Seller

$118M

vol

5 deals

Seller

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