Updated Dec 21, 2023
James Mallory Acquires Multifamily Property In Highland Park For $1M
233-235 N Ave 55, Northeast Los Angeles, Los Angeles, CA, USA
$1,000,000
$302/SF
Building Size
3,310 SF
Asset Type
MultiFamily
Closing
Aug 10, 2021
About this deal
AI
A multifamily property located at 233-235 N. Ave. 55 in Highland Park has been sold for $1,000,000. The property spans 3,310 square feet, resulting in a price per square foot of $302. The transaction took place on 08/11/2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,000,000
- Address: 233-235 N. Ave. 55, Highland Park
- Market: Highland Park
The buyer of the property is James Mallory, while the sellers are Donnalee Warren and Dorothy Whiting. The deal was facilitated by Brad Wetherby, Ryan Serling, and Martin Agnew of Marcus & Millichap. They represented both the buyer and the sellers in this transaction.
On the Map
$1,000,000
$302/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93