Updated Dec 4, 2024
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
About this deal
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.
On the Map
$3,300,000
$205/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jakob Friedman 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93