Andrew Watkins & Elizabeth Maddox Facilitate $3.69M Multifamily Sale In LA
1406 North Sycamore Avenue
$3,699,000
$575/SF
Building Size
6,428 SF
Asset Type
MultiFamily
Closing
Apr 12, 2024
AI
1406 North Sycamore Avenue, located in the Los Angeles market, is a multifamily property that was sold for $3,699,000. The transaction involved Andrew Watkins of Century 21 Masters representing the buyer, and Elizabeth Maddox of The 2-4 Unit Specialists along with Isaac Davidi of Davidi Investment Group, Inc representing the seller, achieving a price per square foot of $575 for the 6,428-square-foot property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,699,000
- Address: 1406 North Sycamore Avenue
- Market: Los Angeles
- Buyer's Rep: Andrew Watkins - Century 21 Masters
- Seller's Rep: Elizabeth Maddox - The 2-4 Unit Specialists; Isaac Davidi - Davidi Investment Group, Inc
- SF: 6,428
- PPSF: $575
The sale of 1406 North Sycamore Avenue involved the collaboration of Andrew Watkins from Century 21 Masters as the buyer's representative and Elizabeth Maddox from The 2-4 Unit Specialists together with Isaac Davidi from Davidi Investment Group, Inc representing the seller. This successful transaction highlights the expertise and negotiation skills of the individuals and companies involved in the deal.
Players
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93