Updated Dec 20, 2023
Casey Jacobs Acquires Multifamily Property In Los Angeles From Leonid Golodnitski
2631 Brighton Ave, Los Angeles, CA, USA
$7,850,000
$1,199/SF
Building Size
6,542 SF
Asset Type
MultiFamily
Closing
Jul 14, 2021
About this deal
AI
Located at 2631 Brighton Ave in Los Angeles, this multifamily property was recently sold in a closed transaction. The property spans 6,542 square feet and was sold for a price of $7,850,000, resulting in a price per square foot of $1,200. The buyer of the property was Casey Jacobs, while the seller was Leonid Golodnitski.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,850,000
- Square Footage: 6,542
- Price per Square Foot: $1,200
- Buyer: Casey Jacobs
- Seller: Leonid Golodnitski
Casey Jacobs, represented by their broker, completed the purchase of this multifamily property. The transaction marks an important deal in the Los Angeles market, demonstrating the continued activity and investment in the area.
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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93