George Papanikolas Acquires Multifamily Property In Los Angeles For $4M
3359 Rowena Avenue
$4,000,000
$423/SF
Building Size
9,456 SF
Asset Type
MultiFamily
Closing
Dec 23, 2022
AI
The multifamily property located at 3359 Rowena Avenue in Los Angeles has been sold in a recent transaction. The property consists of 12 units with a total square footage of 9,456. The sale price for this transaction was $4,000,000, making the price per unit $333,333. The price per square foot was $423.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 3359 Rowena Avenue, Los Angeles
- Units: 12
- Price per Unit: $333,333
- Square Footage: 9,456
- Price per Square Foot: $423
- Buyer: George Papanikolas
- Seller: Ann Manning
- Brokers involved: Zac Freehling - Pacific Partners Real Estate Investments; David Regalado & Matthew Kanner - Keller Williams
George Papanikolas was the buyer in this transaction, while Ann Manning acted as the seller. The brokers who facilitated the deal were Zac Freehling from Pacific Partners Real Estate Investments, and David Regalado and Matthew Kanner from Keller Williams.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93