Updated Sep 9, 2024
John Shay Acquires Multifamily Property In Los Angeles For $3.19M From Seller Renate Hild And Broker Michael Monempour
1752 Federal Ave Los Angeles, CA 90025, USA
$3,190,000
$448/SF
Building Size
7,108 SF
Asset Type
MultiFamily
Closing
May 23, 2023
About this deal
AI
The multifamily property located at 1752 Federal Avenue in Los Angeles, CA has been sold in a closed transaction. The property consists of 9 units with a total square footage of 7,108. The sale price for this transaction was $3,190,000, resulting in a price per unit of $354,444. The price per square foot was $449.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,190,000
- Units: 9
- Price per Unit: $354,444
- Square Footage: 7,108
- Price per Square Foot: $449
- Address: 1752 Federal Avenue, Los Angeles, CA
The buyer of this property is John Shay, while the seller is Renate Hild. Michael Monempour from Kidder Matthews represented both parties as the broker in this transaction.
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
4.97%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93