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:
- Property Type: Multifamily
- Transaction Amount: $3,560,000
- Address: 1062 South Alfred Street
- Market: Los Angeles
- Asset Type: Multifamily
- Buyer's Rep: Marc Fiedler - RE/MAX Estate Properties
- Seller's Rep: Susan Smith - Carolwood Estates
- SF: 5,117
- Price Per Square Foot: $696
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
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