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2522 South Cloverdale Avenue

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

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.

Players

Elizabeth Maddox

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93