Updated Dec 4, 2024
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
About this deal
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.
On the Map
$3,750,000
$476/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Elizabeth Maddox to view all their deals.
Browse Los Angeles multifamily sales on Traded.
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