Arturo Jimenez Acquires Los Angeles Multifamily For $2.7M
SOLD
$2,700,000
California
See Similar DealsMultiFamily5,957 SF
Sold 07/21/2021
SOLD
Arturo Jimenez Acquires Los Angeles Multifamily For $2.7M
1824 Thurman Ave, Los Angeles, CA, USA
See Similar DealsMultiFamily5,957 SF
Sold 07/21/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$453
Total Square Footage:5,957 SF
Transaction Type:Sale
A multifamily property located at 1824 Thurman Ave in Los Angeles has been sold in a recent transaction. The property consists of 3 units with a total square footage of 5,957. The sale price for this property was $2,700,000, resulting in a price per unit of $900,000 and a price per square foot of $453.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 1824 Thurman Ave
- Market: Los Angeles
- Units: 3
- Square Footage: 5,957
The buyer in this transaction was Arturo Jimenez, while the seller was Isaac Davidi. The deal was facilitated by Elizabeth Maddox and Ian Maddox from The 2-4 Unit brokerage firm.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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