Updated Feb 5, 2025
Optimus Properties LLC Acquires 3 Los Angeles Properties For $12.5M
1630 North Fuller Avenue
$12,500,000
$311/SF
Building Size
40,136 SF
Asset Type
MultiFamily
Closing
Jun 28, 2018
About this deal
AI
The three properties located at 1630-36 N Fuller Ave & 1641 N. Poinsettia Pl. in Los Angeles, CA 90046 have been sold in a recent transaction. The sale took place on June 29, 2018, with Optimus Properties LLC purchasing the properties from Fair Properties LLC for a total price of $12,500,000. The transaction involved a total of 51 units, with each unit costing approximately $245.09. The total square footage of the properties is 40,136, resulting in a price per square foot of $311.44.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $12,500,000
- Units: 51
- Price per Unit: $245.09
- Square Footage: 40,136
- Price per Square Foot: $311.44
The sale of these properties was facilitated by brokers Sam Liberow and Matt Ziegler, representing Optimus Properties LLC in the transaction.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Matt Ziegler to view all their deals.
Browse Los Angeles multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93