Updated Oct 29, 2024
Katherine Property Management Acquires Multifamily Property In Los Feliz For $3.1M
3124 Rowena Avenue, Central LA, Los Angeles, CA, USA
$3,100,000
$367/SF
Building Size
8,428 SF
Asset Type
MultiFamily
Closing
Sep 10, 2019
About this deal
AI
Located in Los Feliz, the multifamily property at 3124 Rowena Avenue has been sold in a recent transaction. Spanning across 8,428 square feet, the property features 10 units. The sale, which took place on September 11, 2019, involved the buyer, Katherine Property Management LLC, and the seller, Claims Recovery Associates LLC. The transaction was facilitated by Jason Tuvia of Tuviagroup, who represented the parties involved.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Price per Square Foot: $367.82
- Number of Units: 10
- Price per Unit: $310,000
It is worth noting that the price per square foot for this property was $367.82. This successful transaction marks an important milestone for both the buyer, Katherine Property Management LLC, and the seller, Claims Recovery Associates LLC.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93