RPM Investments Acquires Multifamily Building On La Grange Ave For $4.165M
10745 La Grange Avenue, Los Angeles, CA, USA
$4,165,000
$509/SF
Building Size
8,182 SF
Asset Type
MultiFamily
Closing
Sep 9, 2019
AI
The multifamily property located at 10745 La Grange Ave has been sold. The transaction took place on 09/10/2019 and was facilitated by Grant Goldman and Charlie Rasmussen from Lyon Stahl Investment Real Estate, along with Joubin Manoochehri from JNM Realty. The buyer, RPM Investments, acquired the property from the seller, Dory Oro Levi, for a total price of $4,165,000. The property spans 8,182 square feet, resulting in a price per square foot of $509.04.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,165,000
- Address: 10745 La Grange Ave
- Buyer: RPM Investments
- Seller: Dory Oro Levi
- BROKERS:
- Grant Goldman, Charlie Rasmussen - Lyon Stahl Investment Real Estate
- Joubin Manoochehri - JNM Realty
- Square Footage: 8,182
- Price per Square Foot: $509.04
The involvement of Grant Goldman, Charlie Rasmussen, and Joubin Manoochehri showcases the key individuals and companies behind this transaction. These professionals played a crucial role in facilitating the deal between RPM Investments and Dory Oro Levi.
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
3.81%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93