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
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