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
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