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1527 West 4th Street, Los A...

Javanshir Rad Acquires Multifamily Property On 1527 W. 4th St. In Los Angeles For $3.95M
SOLDMultiFamily

Javanshir Rad Acquires Multifamily Property On 1527 W. 4th St. In Los Angeles For $3.95M

1527 West 4th Street, Los Angeles, California 90017, United States

$3,950,000

$255/SF

Building Size

15,481 SF

Asset Type

MultiFamily

Closing

Jun 9, 2022

AI

The multifamily property located at 1527 W. 4th St. in Los Angeles has been sold for $3,950,000. The transaction took place on 06/10/2022. The property consists of 29 units with an average price per unit of $136,206. The total area of the property is 15,481 square feet, resulting in a price per square foot of $255.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,950,000
  • Units: 29
  • Price per Unit: $136,206
  • Square Footage: 15,481
  • Price per Square Foot: $255

The buyer of the property is Javanshir Rad, and the seller is Steve Hubbs. The transaction was facilitated by broker Darin Spillman from Kidder Mathews.

Players

Darin Spillman

Kidder Mathews

Broker

$55.2M

vol

15 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

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93