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233-235 N Ave 55, Northeast...

James Mallory Acquires Multifamily Property In Highland Park For $1M
SOLDMultiFamily

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

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.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

Donnalee Warren

Seller

$5.7M

vol

4 deals

Seller

Los Angeles 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93