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
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
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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93