Updated Dec 21, 2023
Jon Adams Acquires Multifamily Property On Helms Ave In Downtown Culver City For $1.71M
3124 Helms Ave, Los Angeles, CA 90034, USA
$1,714,200
$952/SF
Building Size
1,800 SF
Asset Type
MultiFamily
Closing
Jul 14, 2020
About this deal
AI
A multifamily property located at 3124 Helms Ave in Downtown Culver City has been sold. The property consists of 3 units, with a total square footage of 1,800. The sale price for the property was $1,714,200, resulting in a price per square foot of $952.33. Each unit was sold for approximately $571,400.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,714,200
- Address: 3124 Helms Ave
- Market: Downtown Culver City
The sale was facilitated by broker Jon Adams from @TheRealJAdams.
Players
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
9.25%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93