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3429 Andrita Street

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

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

$11.8M

vol

6 deals

Broker

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