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1806 West 36th Street

The Goldfinger Group Acquires Multifamily Property On West 36th Street, Los Angeles For $1.85M
SOLDMultiFamily

The Goldfinger Group Acquires Multifamily Property On West 36th Street, Los Angeles For $1.85M

1806 West 36th Street

$1,850,000

$265/SF

Building Size

6,970 SF

Asset Type

MultiFamily

Closing

Oct 13, 2023

AI

The multifamily property located at 1806 West 36th Street in Los Angeles has been sold. The transaction took place on 10/13/2023 with a sales price of $1,850,000. The property consists of 12 units, resulting in a price per unit of $154,167. The total square footage of the property is 6,970, with a price per square foot of $265.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,850,000
  • Units: 12
  • Price per Unit: $154,167
  • Square Footage: 6,970
  • Price per Square Foot: $265
  • Address: 1806 West 36th Street, Los Angeles

The buyer of the property is The Goldfinger Group, while the seller is Dorian Frankel. The buyer's representatives in the deal were Sean Rosenzweig and Josh Zimmerman from Marcus & Millichap.

Players

Sean Rosenzweig

Marcus & Millichap

Broker

$99.4M

vol

14 deals

Broker
The Goldfinger Group
The Goldfinger GroupBuyer

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93