Ken Ivan Purchases Multifamily Asset On Marengo Street For $5.145M From Bill Yolanda
SOLD
$5,145,000
California
See Similar DealsMultiFamily29,096 SF
Sold 12/18/2025
SOLD
Ken Ivan Purchases Multifamily Asset On Marengo Street For $5.145M From Bill Yolanda
2649 Marengo Street
See Similar DealsMultiFamily29,096 SF
Sold 12/18/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:29,096 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 2649 Marengo Street in the Los Angeles market. The sale price for the property was $5,145,000, encompassing a total of 24 units. The building offers a total square footage of 29,096, translating to a price per unit of $214,375 and a price per square foot of $176.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,145,000
- Units: 24
- Square Footage: 29,096
- Price Per Unit: $214,375
- Price Per Square Foot: $176
- Buyer: Ken Ivan
- Seller: Bill Yolanda
- Broker Representatives: Rick Raymundo & Philip Rodgers - Marcus & Millichap
- Transaction Date: 12/18/2025
Key individuals in this transaction include Ken Ivan as the buyer and Bill Yolanda as the seller. The deal was facilitated by broker representatives Rick Raymundo and Philip Rodgers from Marcus & Millichap, who played a significant role in executing the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,279.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,389.92
Annual Debt Service$292,679.10
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