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1237 South Citrus Avenue

Emil Borokhovich Acquires Multifamily Property In Los Angeles For $1.625M
SOLDMultiFamily

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

Jason Tuvia

Marcus & Millichap

Broker

$127.3M

vol

42 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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93