Updated Dec 4, 2024
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.
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