Craig Silvers Acquires MultiFamily Property In Los Angeles From Thomas James Homes For $3.19M
SOLD
$3,190,000
California
See Similar DealsMultiFamily3,924 SF
Sold 06/28/2023
SOLD
Craig Silvers Acquires MultiFamily Property In Los Angeles From Thomas James Homes For $3.19M
10560 Ayres Ave Los Angeles, CA 90064, USA
See Similar DealsMultiFamily3,924 SF
Sold 06/28/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$812
Total Square Footage:3,924 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,333.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,122.23
Annual Debt Service$181,466.73
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