Updated Sep 9, 2024
Edan Amar Brokers $3.2M Sale Of 18-unit Multifamily Property In Los Angeles
2966 Clarendon Avenue, Huntington Park, Los Angeles, CA, USA
$3,200,000
$293/SF
Building Size
10,891 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
About this deal
AI
The multifamily property located at 2966 Clarendon in Los Angeles was recently sold for a price of $3,200,000. The transaction took place on 06/01/2021 and was facilitated by broker Edan Amar. The property consists of 18 units with an average price per unit of $177,777. The total square footage of the property is 10,891, resulting in a price per square foot of $293.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Units: 18
- Price per Unit: $177,777
- Square Footage: 10,891
- Price per Square Foot: $293
- Broker: Edan Amar
Edan Amar played a key role in the transaction as the broker representing the buyer and/or seller. The sale of the property reflects a successful deal in the Los Angeles market, contributing to the ongoing dynamics of the real estate industry.
Players
Huntington Park 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93