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10622 Ayres Avenue

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

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

10622 Ayres Avenue

$2,725,000

$738/SF

Building Size

3,688 SF

Asset Type

MultiFamily

Closing

May 21, 2024

AI

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

Broker

$121.6M

vol

22 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

5.82%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93