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
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