Emil Borokhovich Acquires Multifamily Property In Los Angeles For $1.625M
1237 South Citrus Avenue
$1,625,000
$412/SF
Building Size
3,940 SF
Asset Type
MultiFamily
Closing
Apr 9, 2024
AI
The multifamily property located at 1237 South Citrus Avenue in Los Angeles was sold for $1,625,000. The property consists of 4 units with a total square footage of 3,940, translating to a price per unit of $406,250 and a price per square foot of $412.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Units: 4
- Price per Unit: $406,250
- Square Footage: 3,940
- Price per Square Foot: $412
- Address: 1237 South Citrus Avenue
- Market: Los Angeles
Emil Borokhovich was the buyer of the property, while the sellers were Chris Long and Eric Donovan. Representing the buyer were Jason Tuvia and Nick Mejerski from Marcus & Millichap. On the seller's side, Sam Liberow and Max Gersht from The Liberow Group, affiliated with Marcus & Millichap Encino, facilitated the transaction.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93