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3359 Rowena Avenue

Updated Sep 9, 2024

George Papanikolas Acquires Multifamily Property In Los Angeles For $4M
SOLDMultiFamily

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

About this deal

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

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.

On the Map

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$4,000,000

$423/SF

MultiFamily

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Players

Matthew Kanner

Keller Williams Realty

Broker

$96.3M

vol

10 deals

Broker
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $423 per square foot on a published $4M for 9,456 square feet (2022).

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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

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