Updated Dec 19, 2023
Benito Mueller Acquires 11-Unit Multifamily In Eagle Rock For $3.8M
1435 N Avenue 47, Los Angeles, CA 90042
$3,800,000
$440/SF
Building Size
8,628 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
The multifamily property located at 1435 North Avenue 47 in Eagle Rock was recently sold for a total of $3,800,000. The transaction took place on February 9, 2022, with the buyer being Benito Mueller and the seller being Thomas Bayles. The property consists of 11 units, resulting in a price per unit of $345,454. It spans across 8,628 square feet, resulting in a price per square foot of $440.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 1435 North Avenue 47
- Market: Eagle Rock
- Buyer: Benito Mueller
- Seller: Thomas Bayles
- Brokers: Jason Tuvia & Colt Maloney - Marcus & Millichap
- Units: 11
- Price per Unit: $345,454
- Square Feet: 8,628
- Price per Square Foot: $440
The deal was facilitated by brokers Jason Tuvia and Colt Maloney from Marcus & Millichap. They represented both the buyer, Benito Mueller, and the seller, Thomas Bayles, in this transaction.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93