Allen Kian Acquires Multifamily Property In Los Angeles For $1.18M
SOLD
$1,180,000
California
See Similar DealsMultiFamily3,964 SF
Sold 06/23/2022
SOLD
Allen Kian Acquires Multifamily Property In Los Angeles For $1.18M
2906 Carmona Avenue, Los Angeles, California 90016, United States
See Similar DealsMultiFamily3,964 SF
Sold 06/23/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$297
Total Square Footage:3,964 SF
Transaction Type:Sale
Located in Los Angeles, the multifamily property at 2906 Carmona Ave. has recently changed hands in a closed transaction. The property consists of 5 units with a total area of 3,964 square feet. The sale price amounted to $1,180,000, resulting in a price per unit of $236,000 and a price per square foot of $297. The transaction took place on June 23, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Address: 2906 Carmona Ave.
- Market: Los Angeles
Allen Kian acquired the property from Maria Castro. Facilitating the deal were Zac Freehling and Anthony Amezquita from Pacific Partners Los Angeles, who represented the buyer and seller, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,192.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,593.80
Annual Debt Service$67,125.62
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