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1206 South La Jolla Avenue

$2.33M Sale Of Fully Vacant Art Deco Duplex In Los Angeles
SOLDMultiFamily

$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

Sheri Bienstock

The Bienstock Group

Broker

$21.8M

vol

5 deals

Broker

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