Jessie Paster Acquires 24-Unit MultiFamily Property In Los Angeles From Charles Knill For $4,775,000
2135 Fair Park Avenue
$4,775,000
$351/SF
Building Size
13,574 SF
Asset Type
MultiFamily
Closing
Jan 31, 2023
AI
Jessie Paster has purchased a multifamily property located at 2135 Fair Park Avenue in Los Angeles. The property was sold by Charles Knill for a price of $4,775,000. With a total of 24 units, the price per unit (PPU) amounts to $198,958. The property spans across 13,574 square feet, resulting in a price per square foot (PPSF) of $352.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $4,775,000
- Address: 2135 Fair Park Avenue, Los Angeles
- Market: Los Angeles
- Buyer: Jessie Paster
- Seller: Charles Knill
- Brokers: Jakob Friedman & Michael Dixon - NAI Capital
- Units: 24
- Price per Unit (PPU): $198,958
- Square Footage: 13,574
- Price per Square Foot (PPSF): $352
Jakob Friedman and Michael Dixon, representing NAI Capital, facilitated the sale of the property. They specialize in multi-family transactions and work with buyers and sellers in Los Angeles City and the San Fernando Valley. Investors interested in expanding their portfolios or property owners seeking a free property valuation can contact Jakob Friedman at [email protected].
Players
Market 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
3.32%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93