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John Katnik Oversees Sale Of Rancho Park Duplex In Los Angeles For $2.72M

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SOLD
$2,725,000

California

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MultiFamily3,688 SF
Sold 05/21/2024
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Property Image
SOLD

John Katnik Oversees Sale Of Rancho Park Duplex In Los Angeles For $2.72M

10622 Ayres Avenue

See Similar Deals
MultiFamily3,688 SF
Sold 05/21/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$738
Total Square Footage:3,688 SF
Transaction Type:Sale

10622 Ayres Avenue, a modern style duplex located in Los Angeles' Rancho Park area, has been sold for $2,725,000. Constructed in 2023 by TJH, the duplex features two 4-bedroom, 2.5-bathroom townhome units boasting top-of-the-line finishes, wide plank vinyl flooring, recessed lighting, and solar panels, offering an ideal owner-user opportunity in one of LA's most coveted locations.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,725,000
  • SF: 3,688
  • PPSF: $739
  • Address: 10622 Ayres Avenue
  • Market: Los Angeles

John Katnik of BRC Advisors facilitated the sale of 10622 Ayres Avenue, ensuring a smooth transaction for both parties involved.

Players

John Katnik
BRC Advisors
John Katnik
22 deals$121.6M volume(424) 317-9569
BROKER

Details

SOLD
IMAGE: John Katnik DATE: 05/21/2024 ADDRESS: 10622 Ayres Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: John Katnik - BRC Advisors SALE PRICE: $2,725,000 SF: 3,688 ~ PPSF: $739 NOTE: 10622 Ayres Avenue, a modern style duplex located in Los Angeles' Rancho Park area, has been sold for $2,725,000 with John Katnik of BRC Advisors overseeing the transaction. Constructed in 2023 by TJH, the duplex features two 4-bedroom, 2.5-bathroom townhome units boasting top-of-the-line finishes, wide plank vinyl flooring, recessed lighting, and solar panels, offering an ideal owner-user opportunity in one of LA's most coveted locations.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$145,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,681.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,917.89
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