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1062 South Alfred Street

Marc Fiedler & Susan Smith Close $3.56M Multifamily Sale In Los Angeles
SOLDMultiFamily

Marc Fiedler & Susan Smith Close $3.56M Multifamily Sale In Los Angeles

1062 South Alfred Street

$3,560,000

$695/SF

Building Size

5,117 SF

Asset Type

MultiFamily

Closing

May 1, 2024

AI

A multifamily property located at 1062 South Alfred Street in Los Angeles was recently sold for $3.56 million. The property spans 5,117 square feet and was part of a transaction facilitated by RE/MAX Estate Properties representing the buyer and Carolwood Estates representing the seller.

Summary of transaction details:

The deal involved Marc Fiedler from RE/MAX Estate Properties as the buyer's representative and Susan Smith from Carolwood Estates as the seller's representative. The successful transaction highlights the expertise and negotiation skills of the parties involved in the sale of the multifamily property.

Players

Susan Smith

Carolwood Estates

Broker

$136.9M

vol

9 deals

Broker

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

4.46%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93