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2135 Fair Park Avenue

Jessie Paster Acquires 24-Unit MultiFamily Property In Los Angeles From Charles Knill For $4,775,000
SOLDMultiFamily

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

Jakob Friedman

NAI Global

Broker

$45.5M

vol

10 deals

Broker

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