Updated Oct 29, 2024
Open House Realty Acquires MultiFamily Property In Los Angeles For $3.1M
1711 Malcolm Avenue
$3,145,000
$430/SF
Building Size
7,310 SF
Asset Type
MultiFamily
Closing
Sep 14, 2023
About this deal
AI
The multi-family property located at 1711 Malcolm Avenue in Los Angeles recently sold for a price of $3,145,000. The property consists of six units, with each unit having a per unit price of approximately $524,167. The total square footage of the property is 7,310, resulting in a price per square foot of $430.
Summary of Transaction Details
- Property Type: MultiFamily
- Transaction Amount: $3,145,000
- Units: 6
- Price per Unit: $524,167
- Square Footage: 7,310
- Price per Square Foot: $430
- Market: Los Angeles
Open House Realty, represented by Kimi Muarayosi, acted as the buyer in this transaction. The seller was the Odest Family Trust, with Judith Odest as the principal. Jordan Asheghian from Marcus & Millichap served as the seller's representative.
Players
Market 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93