Updated Jan 2, 2025
Al Shloffman Acquires Multifamily Property From Howard Ruby In Los Angeles For $6.26M
1316 South Centinela Avenue & 1322 South Centinela Avenue
$6,262,500
$176/SF
Building Size
17,718 SF
Asset Type
MultiFamily
Closing
Dec 26, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 1316 & 1322 South Centinela Avenue in the Los Angeles market. The sale was completed for a price of $6,262,500, comprising 20 units with a price per unit of $313,125. The total square footage of the asset is 17,718, leading to a price per square foot of $353.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,262,500
- Units: 20
- Price Per Unit: $313,125
- Square Footage: 17,718
- Price Per Square Foot: $353
- Buyer: Al Shloffman
- Seller: Howard Ruby
- Broker: David Saghian - Kidder Mathews
- Date of Transaction: 12/26/2024
The key individuals involved in this deal include buyer Al Shloffman and seller Howard Ruby, with representation by broker David Saghian from Kidder Mathews, who facilitated the transaction. The completed sale reflects active engagement in the multifamily sector in Los Angeles.
On the Map
$6,262,500
$176/SF
MultiFamily
View full map
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit David Saghian 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
2.53%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93