Updated Feb 13, 2025
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
Units
24
Asset Type
MultiFamily
Closing
Feb 1, 2022
About this deal
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.
On the Map
$20,500,000
MultiFamily
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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