Updated Oct 29, 2024
1700 Malcolm LLC Acquires Multifamily Property On Malcolm Ave For $4.5M
1700 Malcolm Avenue, Los Angeles, CA 90024, USA
$4,525,000
$448/SF
Building Size
10,100 SF
Asset Type
MultiFamily
Closing
Jul 9, 2019
About this deal
AI
A multifamily property located at 1700 Malcolm Ave has been sold for a price of $4,525,000. The property spans over 10,100 square feet, resulting in a price per square foot of $448.73. It consists of 8 units and the price per unit amounts to $565,625.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,525,000
- Address: 1700 Malcolm Ave
- Square Footage: 10,100
- Price per Square Foot: $448.73
- Number of Units: 8
- Price per Unit: $565,625
The buyer of this property is 1700 Malcolm LLC, while the seller is One Malcolm Group LLC. The brokers involved in this deal include Sam Liberow from The Liberow Group, Jeff Louks, and Michael Sterman.
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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93