facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

1861 Martin Luther King Jr ...

Michael Kamara Acquires Multifamily In Los Angeles For $1.99M
SOLDMultiFamily

Michael Kamara Acquires Multifamily In Los Angeles For $1.99M

1861 Martin Luther King Jr Boulevard

$1,990,000

$268/SF

Building Size

7,404 SF

Asset Type

MultiFamily

Closing

Apr 23, 2024

AI

The multifamily property located at 1861 Martin Luther King Jr Boulevard in Los Angeles was sold for $1,990,000. The property comprises 12 units with a total square footage of 7,404. The price per unit stood at $165,833, and the price per square foot was $269.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,990,000
  • Units: 12
  • Square Footage: 7,404
  • Price per Unit: $165,833
  • Price per Square Foot: $269
  • Address: 1861 Martin Luther King Jr Boulevard
  • Market: Los Angeles

The buyer of the property was Michael Kamara, and the seller was Curtis Ellmore. Jon Rawson from Avenue Realty Group represented the transaction as the broker.

Players

Jon Rawson

Avenue Realty Group

Broker

$18.8M

vol

7 deals

Broker

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

7.97%

Cash-on-Cash

-2.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93