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1406 North Sycamore Avenue

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

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:

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

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 deals

Broker

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