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Ruzanna Khechumyan Acquires MultiFamily In Los Angeles For $2.65M

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SOLD
$2,650,000

California

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MultiFamily11,075 SF
Sold 06/28/2024
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Property Image
SOLD

Ruzanna Khechumyan Acquires MultiFamily In Los Angeles For $2.65M

1129 East 52nd Street

See Similar Deals
MultiFamily11,075 SF
Sold 06/28/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$239
Total Square Footage:11,075 SF
Transaction Type:Sale

The property at 1129 East 52nd Street, located in South Los Angeles, is a 15-unit multifamily building encompassing 11,075 square feet. The transaction involved a sale price of $2,650,000, equating to a price per unit of $176,667 and a price per square foot of $239. The property offers updated interiors, various unit sizes, parking, laundry facilities, and the potential for increased rental income, making it an attractive investment opportunity in the local market.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,650,000
  • Units: 15
  • Price Per Unit: $176,667
  • Total Square Footage: 11,075
  • Price Per Square Foot: $239
  • Market: Los Angeles
  • Address: 1129 East 52nd Street

Ruzanna Khechumyan, representing the buyer in this transaction, played a crucial role in the acquisition of the multifamily property. On the other side, Andres Diaz and Julian Bloch from Keller Williamsacted as the seller's representatives. This deal showcases the collaboration between different real estate professionals to facilitate successful property transactions in the vibrant Los Angeles market.

Players

Andres Diaz
16 deals$55.6M volume(323) 376-2469
BROKER

Julian Bloch
4 deals$12M volume
BROKER

Ruzanna Khechumyan
1 deal$2.7M volume(818) 470-5739
BROKER

Details

SOLD
IMAGE: Ruzanna Khechumyan, Andres Diaz & Julian Bloch DATE: 06/28/2024 ADDRESS: 1129 East 52nd Street MARKET: Los Angeles ASSET TYPE: MultiFamily ~ ACRES: 0.44 BUYER'S REP: Ruzanna Khechumyan (@RuzannaKhechumyan) - Ruzanna Khechumyan & Associates SELLER'S REP: Andres Diaz & Julian Bloch - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $2,650,000 UNITS: 15 ~ PPU: $176,667 SF: 11,075 ~ PPSF: $239 NOTE: Ruzanna Khechumyan represented the buyer in the acquisition of 1129 East 52nd Street, a 15-unit multifamily property in South Los Angeles, sold for $2,650,000. Andres Diaz and Julian Bloch from Keller Williams acted as the seller's representatives. This property offers various unit sizes with updated interiors, amenities including parking and laundry facilities, and potential for increased rental income, making it an attractive investment opportunity in the local market.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,414.90
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