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2906 Carmona Avenue, Los An...

Allen Kian Acquires Multifamily Property In Los Angeles For $1.18M
SOLDMultiFamily

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

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 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

13.44%

Cash-on-Cash

-3.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93