Updated Dec 4, 2024
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.
On the Map
$2,175,000
$252/SF
MultiFamily
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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