$2.33M Sale Of Fully Vacant Art Deco Duplex In Los Angeles
1206 South La Jolla Avenue
$2,330,000
$513/SF
Building Size
4,536 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
AI
A fully vacant 1935 Art Deco Mediterranean duplex in Los Angeles, boasting six bedrooms and six bathrooms, was sold for $2,330,000. Located at 1206 South La Jolla Avenue in South Carthay HPOZ, the property features elegant details, Deco kitchens, spacious backyards, and offers a blend of authentic character and modern living in a prime location near Beverly Hills and downtown Los Angeles.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,330,000
- SF: 4,536
- PPSF: $514
- Market: Los Angeles
The buyer's representative for this transaction was Safir Shamsi from Rodeo Realty, while the seller's representatives were Nechama Jacobs and Sheri Bienstock from The Bienstock Group. Safir Shamsi facilitated the purchase of this exquisite Art Deco duplex, known for its unique charm and prime location, from Nechama Jacobs and Sheri Bienstock.
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
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93