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Andrew Watkins & Elizabeth Maddox Facilitate $3.69M Multifamily Sale In LA

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SOLD
$3,699,000

California

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MultiFamily6,428 SF
Sold 04/12/2024
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Property Image
SOLD

Andrew Watkins & Elizabeth Maddox Facilitate $3.69M Multifamily Sale In LA

1406 North Sycamore Avenue

See Similar Deals
MultiFamily6,428 SF
Sold 04/12/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$575
Total Square Footage:6,428 SF
Transaction Type:Sale

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:

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

Elizabeth Maddox
26 deals$80.4M volume
BROKER

Isaac Davidi
7 deals$25.1M volume
BROKER

Andrew Watkins
Century 21
1 deal$3.7M volume(310) 383-6239
BROKER

Details

SOLD
IMAGE: Andrew Watkins & Elizabeth Maddox DATE: 04/12/2024 ADDRESS: 1406 North Sycamore Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER'S REP: Andrew Watkins - Century 21 Masters SELLER'S REP: Elizabeth Maddox (@ElizabethjMaddox) - The 2-4 Unit Specialists (@TwotoFourUnits); Isaac Davidi (@DavidiIsaac) - Davidi Investment Group, Inc SALE PRICE: $3,699,000 SF: 6,428 ~ PPSF: $575 NOTE: 1406 North Sycamore Avenue, situated in the Los Angeles market, is a multifamily property that 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$197,280.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,141.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,535.15
Annual Debt Service$210,421.77