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1621 La Fayette Road

Shaylyn Sheriff & Hyun Sook Park Acquire Multifamily Property In Los Angeles For $940,000
SOLDMultiFamily

Shaylyn Sheriff & Hyun Sook Park Acquire Multifamily Property In Los Angeles For $940,000

1621 La Fayette Road

$940,000

$328/SF

Building Size

2,865 SF

Asset Type

MultiFamily

Closing

May 14, 2025

AI

The property asset involved in this transaction is a multifamily unit located at 1621 La Fayette Road in Los Angeles. The property has two units, spans a total of 2,865 square feet, and was sold for $940,000, which corresponds to a per unit price of $470,000 and a price per square foot of $328.

Summary of transaction details:

This transaction highlights the involvement of Shaylyn Sheriff and Hyun Sook Park as the buyers and Anna Bedrosian as the seller. The deal was facilitated by the seller's representatives, Tyler Farrar and Zac Freehling from Pacific Partners Real Estate Investments, ensuring a smooth transaction process.

Players

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 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

16.88%

Cash-on-Cash

-4.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93