Updated Sep 9, 2024
Ally Commercial Real Estate Represents Mike & Julia Blum In $2.39M La Cañada Flintridge Multifamily Sale
2159 La Canada Crest Drive
$3,385,000
$723/SF
Building Size
4,682 SF
Asset Type
MultiFamily
Closing
Jan 3, 2023
About this deal
AI
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.
Players
La Cañada Flintridge 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
4.69%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93