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1824 Thurman Ave, Los Angel...

Arturo Jimenez Acquires Los Angeles Multifamily For $2.7M
SOLDMultiFamily

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

Elizabeth Maddox

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 deals

Broker

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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93