Ally Commercial Real Estate Represents Mike & Julia Blum In $2.39M La Cañada Flintridge Multifamily Sale
SOLD
$3,385,000
+ 1
California
See Similar DealsMultiFamily4,682 SF
Sold 01/03/2023
SOLD
Ally Commercial Real Estate Represents Mike & Julia Blum In $2.39M La Cañada Flintridge Multifamily Sale
2159 La Canada Crest Drive
See Similar DealsMultiFamily4,682 SF
Sold 01/03/2023
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$723
Total Square Footage:4,682 SF
Transaction Type:Sale
The multifamily property located at 2159 La Canada Crest Drive in La Cañada Flintridge has been sold for a total of $2,385,000. The property consists of 5 units, with a price per unit of $477,000. The total square footage of the property is 4,682, resulting in a price per square foot of $509.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,385,000
- Units: 5
- Price Per Unit: $477,000
- Square Footage: 4,682
- Price Per Square Foot: $509
- Address: 2159 La Canada Crest Drive
- Market: La Cañada Flintridge
The sellers of the property were Mike & Julia Blum. They were represented by Rick Ramirez, Chris Kim, and Eric Mandell from Ally Commercial Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$180,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,026.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,046.63
Annual Debt Service$192,559.52
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