Arturo Jimenez Acquires Los Angeles Multifamily For $2.7M
1824 Thurman Ave, Los Angeles, CA, USA
$2,700,000
$453/SF
Building Size
5,957 SF
Asset Type
MultiFamily
Closing
Jul 20, 2021
AI
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93