Updated Jun 19, 2025
Eric Chime Acquires Multifamily Property From Stephen Melnyk For $12.15M In Los Angeles
322 Avenue 52, 121 Avenue 50 & 4946 Echo Street
$12,150,000
$233/SF
Building Size
17,344 SF
Asset Type
MultiFamily
Closing
May 29, 2025
About this deal
AI
This multifamily asset, located at 322 Avenue 52, 121 Avenue 50 & 4946 Echo Street in Los Angeles, was sold for $12,150,000. The property consists of 113 units, providing a price per unit of $107,522. The total square footage is 61,894, with a price per square foot of $196.30.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,150,000
- Buyer: Eric Chime
- Seller: Stephen Melnyk
- Broker: Paul Darrow - Walker & Dunlop
- Units: 113
- Price Per Unit: $107,522
- Square Footage: 61,894
- Price Per Square Foot: $196.30
Paul Darrow from Walker & Dunlop represented the seller, Stephen Melnyk, in this transaction, facilitating the process between the involved parties. The transaction was completed on 5/30/2025.
On the Map
$12,150,000
$233/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93