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10745 La Grange Avenue, Los...

RPM Investments Acquires Multifamily Building On La Grange Ave For $4.165M
SOLDMultiFamily

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

Charlie Rasmussen

Broker

$6.3M

vol

2 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

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