Skylar Smoker Purchases 30 Unit Multifamily Property In Los Angeles For $3.3M
1435 Alvarado Terrace
$3,300,000
$205/SF
Building Size
16,047 SF
Asset Type
MultiFamily
Closing
Aug 22, 2024
AI
The property involved in this transaction is a multifamily asset located at 1435 Alvarado Terrace in the Los Angeles market. It comprises 30 units and has a total square footage of 16,047, priced at $3,300,000, resulting in a price per unit of $110,000 and a price per square foot of $205.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Units: 30
- Square Footage: 16,047
- Price per Unit: $110,000
- Price per Square Foot: $205
- Buyer: Skylar Smoker
- Seller: Walter M Oliver
- Buyer's Representative: Jakob Friedman & Michael Dixon - NAI Global
- Date of Transaction: 08/22/2024
This transaction involves Skylar Smoker as the buyer and Walter M Oliver as the seller. The representatives facilitating the sale for the buyer are Jakob Friedman and Michael Dixon from NAI Global, contributing their expertise to 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93