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

Property Image
SOLD
$20,500,000
Jon Tran
Arthur Arejian
GC

California

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MultiFamily
Sold 02/02/2022
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Property Image
SOLD

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

See Similar Deals
MultiFamily
Sold 02/02/2022
Jon Tran
Arthur Arejian
GC
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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
Jon Tran
3 deals$28.8M volume(310) 492-6075
BROKER
Arthur Arejian
Arthur Arejian
1 deal$20.5M volume
BROKER
GC
Garrett Champion
3 deals$44.2M volume
SELLER

Details

SOLD
IMAGE: Jon Tran & Arthur Arejian DATE: 02/02/2022 ADDRESS: 2652-2656 Ellendale Place MARKET: Los Angeles ASSET TYPE: Multifamily SELLER: Champion Real Estate Company - Garrett Champion BROKERS: Arthur Arejian & Jon Tran - Vanguard Investments SALE PRICE: $20,500,000 UNITS: 24 ~ PPU: $854,166

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,093,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$72,832.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,180.46
Annual Debt Service$1,166,165.50