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
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