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3429 Andrita Street

Updated Dec 4, 2024

Bilt advertisement
Eric Dilanian Facilitates $2.17M Multifamily Sale On Andrita Street, Los Angeles
SOLDMultiFamily

Eric Dilanian Facilitates $2.17M Multifamily Sale On Andrita Street, Los Angeles

3429 Andrita Street

$2,175,000

$252/SF

Building Size

8,614 SF

Asset Type

MultiFamily

Closing

May 8, 2024

About this deal

AI

In Los Angeles, broker Eric Dilanian of Remax Commercial and Investment Realty facilitated the sale of a multifamily property located at 3429 Andrita Street for $2,175,000. The property comprises 17 units on 0.31 acres, with an average price per unit of $127,941 and a price per square foot of $252 based on 8,614 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,175,000
  • Units: 17
  • Price per Unit: $127,941
  • Square Footage: 8,614
  • Market: Los Angeles

BROKER: Eric Dilanian represented the seller in the transaction, showcasing his expertise in commercial and investment realty in the Los Angeles market. Remax Commercial and Investment Realty, the brokerage firm, played a vital role in ensuring a successful sale of the multifamily property on Andrita Street.

Players

Eric Dilanian

Re/Max

Broker

$18.4M

vol

7 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $252 per square foot on a published $2.2M for 8,614 square feet (2024).

Visit Eric Dilanian to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.29%

Cash-on-Cash

-2.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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