David Aryan Acquires Multifamily Asset In Silver Lake For $1.64M Represented By Jake Glaser
SOLD
$1,640,000
California
See Similar DealsMultiFamily4,286 SF
Sold 02/21/2025
SOLD
David Aryan Acquires Multifamily Asset In Silver Lake For $1.64M Represented By Jake Glaser
1303 Lucile Avenue
See Similar DealsMultiFamily4,286 SF
Sold 02/21/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$382
Total Square Footage:4,286 SF
Transaction Type:Sale
The asset involved in the transaction is a multifamily property located at 1303 Lucile Avenue in the Silver Lake market. The sale price for the property was $1,640,000. The property consists of 4 units, with a price per unit of $410,000. It has a total square footage of 4,286, resulting in a price per square foot of $382.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,640,000
- Units: 4
- Price Per Unit: $410,000
- Square Footage: 4,286
- Price Per Square Foot: $382
- Buyer: David Aryan
- Seller: Paulette Fox
- Broker: Jake Glaser - Lyon Stahl Investment Real Estate
The deal involved key individuals including buyer David Aryan, seller Paulette Fox, and broker Jake Glaser, who represents Lyon Stahl Investment Real Estate in facilitating the transaction. Each party played a crucial role in the successful completion of the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$87,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,826.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,774.44
Annual Debt Service$93,293.24
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