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2851 South Victoria Avenue

Zoey Granott Of Urbanlime Real Estate Represents Buyer In $3.3M Los Angeles Multifamily Sale
SOLDMultiFamily

Zoey Granott Of Urbanlime Real Estate Represents Buyer In $3.3M Los Angeles Multifamily Sale

2851 South Victoria Avenue

$3,300,000

$534/SF

Building Size

6,177 SF

Asset Type

MultiFamily

Closing

May 6, 2024

AI

The multifamily property located at 2851 South Victoria Avenue in Los Angeles was sold for $3,300,000. Spanning 6,177 square feet, the property was purchased at a price per square foot of $534.

Summary of transaction details:

Urbanlime Real Estate, led by Zoey Granott, represented the buyer in the transaction. The 2-4 Unit Specialists, represented by Elizabeth Maddox and Ian Maddox, supported the deal. The collaboration of these individuals and companies facilitated the successful sale of the multifamily property in Los Angeles.

Players

Elizabeth Maddox

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93