Updated Dec 21, 2023
Marcus & Millichap Sells 4-Unit Multifamily In Mid City For $2.7M With Jordan Epstein, Filip Niculete & Glen Scher
1626 South La Brea Ave, Central LA, Los Angeles, CA, USA
$2,700,000
$421/SF
Building Size
6,400 SF
Asset Type
MultiFamily
Closing
Apr 11, 2021
About this deal
AI
A multifamily property located at 1626 S. La Brea Ave. in Mid City has been sold for $2,700,000. The property consists of 4 units with a total square footage of 6,400. The price per unit is $675,000 and the price per square foot is $421. This transaction was handled by the LAAA Team (Jordan Epstein, Filip Niculete, and Glen Scher) from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 1626 S. La Brea Ave.
- Market: Mid City
- Units: 4
- Price per Unit: $675,000
- Square footage: 6,400
- Price per Square Foot: $421
This sale was completed before the Certificate of Occupancy was issued, and the property is located in an Opportunity Zone, providing the buyer with tax advantages.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93