Daniel Lalezari Sells Multifamily Property In Los Angeles For $3.24M
2848 Virginia Road
$3,240,000
$510/SF
Building Size
6,348 SF
Asset Type
MultiFamily
Closing
Apr 2, 2024
AI
The multifamily property located at 2848 Virginia Road in Los Angeles was sold for a total price of $3,240,000. The property encompasses 4 units with a price per unit of $810,000. The total square footage of the property spans 6,348 square feet, translating to a price per square foot of $510.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,240,000
- Address: 2848 Virginia Road
- Market: Los Angeles
- Units: 4
- Seller: Daniel Lalezari
- Buyer's Rep: Zoey Granott - Urbanlime Real Estate
- Seller's Rep: Elizabeth Maddox & Ian Maddox - The 2-4 Unit Specialists
The deal was facilitated with Zoey Granott from Urbanlime Real Estate representing the buyer, while Elizabeth Maddox and Ian Maddox from The 2-4 Unit Specialists acted as the seller's representatives. The transaction represents a significant sale in the Los Angeles real estate market, showcasing the active involvement of reputable real estate professionals in the region.
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
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93