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1435 Alvarado Terrace

Skylar Smoker Purchases 30 Unit Multifamily Property In Los Angeles For $3.3M
SOLDMultiFamily

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

Jakob Friedman

NAI Global

Broker

$45.5M

vol

10 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93