Allen Kian Acquires Multifamily Property In Los Angeles For $1.18M
2906 Carmona Avenue, Los Angeles, California 90016, United States
$1,180,000
$297/SF
Building Size
3,964 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
AI
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93