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1260 Leighton Avenue

Tong Zhang Represents Buyer In $3.75M Sale Of Multifamily Asset In Los Angeles
SOLDMultiFamily

Tong Zhang Represents Buyer In $3.75M Sale Of Multifamily Asset In Los Angeles

1260 Leighton Avenue

$3,750,000

$476/SF

Building Size

7,864 SF

Asset Type

MultiFamily

Closing

Mar 19, 2024

AI

The multifamily asset located at 1260 Leighton Avenue in Los Angeles was recently sold for $3,750,000. Spanning 7,864 square feet, the property was acquired at a price of $477 per square foot. Tong Zhang from Summit Mortgage & Realty facilitated the purchase as the buyer's representative, while Elizabeth Maddox and Ian Maddox of The 2-4 Unit Specialists acted as the seller's representatives in this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,750,000
  • Address: 1260 Leighton Avenue
  • Market: Los Angeles
  • Square Footage: 7,864
  • Buyer's Representative: Tong Zhang - Summit Mortgage & Realty
  • Seller's Representative: Elizabeth Maddox & Ian Maddox - The 2-4 Unit Specialists

The sale of the multifamily asset at 1260 Leighton Avenue was orchestrated by Tong Zhang representing Summit Mortgage & Realty as the buyer's agent and Elizabeth Maddox and Ian Maddox of The 2-4 Unit Specialists as the seller's representatives. This transaction exemplifies the collaboration of key individuals and firms in the real estate market of Los Angeles.

Players

Elizabeth Maddox

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93