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2652 Ellendale Place, Los A...

Champion Real Estate Company Sells Multifamily Property In Los Angeles For $20.5M With Buyer's Rep Arthur Arejian & Jon Tran
SOLDMultiFamily

Champion Real Estate Company Sells Multifamily Property In Los Angeles For $20.5M With Buyer's Rep Arthur Arejian & Jon Tran

2652 Ellendale Place, Los Angeles, California 90007, United States

$20,500,000

Building Size

Asset Type

MultiFamily

Closing

Feb 1, 2022

AI

The property involved in this closed transaction is a multifamily asset located at 2652-2656 Ellendale Place in Los Angeles. The sale took place on 02/02/2022, with the seller being Champion Real Estate Company, represented by Garrett Champion. The brokers involved in the deal were Arthur Arejian and Jon Tran from Vanguard Investments.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,500,000
  • Address: 2652-2656 Ellendale Place
  • Market: Los Angeles
  • Units: 24
  • Price per Unit (PPU): $854,166

This transaction involved a multifamily property in Los Angeles with a total of 24 units. The property was sold for $20,500,000. Arthur Arejian and Jon Tran, representing Vanguard Investments, facilitated the deal on behalf of Champion Real Estate Company. The transaction took place on 02/02/2022 at the address of 2652-2656 Ellendale Place.

Players

Jon Tran

Partners CRE

Broker

$28.8M

vol

3 deals

Broker

Garrett Champion

Champion Real Estate Company

Seller

$44.2M

vol

3 deals

Seller

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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93