Updated Feb 5, 2025
Optimus Properties, LLC Acquires 51-Unit Los Angeles Properties From Fair Properties LLC
1630 North Fuller Avenue
$12,500,000
$311/SF
Building Size
40,136 SF
Asset Type
MultiFamily
Closing
Jun 29, 2018
About this deal
AI
The sale of three properties located at 1630-36 N Fuller Ave & 1641 N. Poinsettia Pl. in Los Angeles, CA 90046 has taken place. These properties, totaling 51 units, were sold for a price of $12,500,000. The price per unit for this transaction was $245.09, and the total square footage of the properties is 40,136 with a price per square foot of $311.44.
Summary of transation details
- Property Type: Unknown
- Transaction Amount: $12,500,000
- Units: 51
- Price per Unit: $245.09
- Square Footage: 40,136
- Price per Square Foot: $311.44
- Address: 1630-36 N Fuller. Ave & 1641 N. Poinsettia Pl. Los Angeles, CA 90046
The buyer in this transaction was Optimus Properties, LLC, while the seller was Fair Properties LLC. The brokers involved in the deal were Sam Liberow and Matt Ziegler.
Players
Fowler 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93