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2522 South Cloverdale Avenue

Updated Dec 4, 2024

Zoey Granott, Elizabeth Maddox & Ian Maddox Facilitate $3.3M Sale Of Multifamily Asset In Los Angeles
SOLDMultiFamily

Zoey Granott, Elizabeth Maddox & Ian Maddox Facilitate $3.3M Sale Of Multifamily Asset In Los Angeles

2522 South Cloverdale Avenue

$3,300,000

$528/SF

Building Size

6,242 SF

Asset Type

MultiFamily

Closing

May 6, 2024

About this deal

AI

The multifamily property located at 2522 South Cloverdale Avenue in Los Angeles was recently sold for $3,300,000. Spanning 6,242 square feet, the property was purchased at a price per square foot of $529.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,300,000
  • Address: 2522 South Cloverdale Avenue, Los Angeles
  • Market: Los Angeles

Urbanlime Real Estate, led by Zoey Granott, facilitated the sale of the property, with assistance from The 2-4 Unit Specialists, represented by Elizabeth Maddox and Ian Maddox. The collaboration of these individuals ensured a successful transaction for the multifamily property.

On the Map

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$3,300,000

$528/SF

MultiFamily

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Players

Elizabeth Maddox

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 deals

Broker
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $528 per square foot on a published $3.3M for 6,242 square feet (2024).

Visit Zoey Granott to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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