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3475 West Slauson Avenue, L...

Hooman L. Acquires Multifamily Property In Crenshaw For $2.26M
SOLDMultiFamily

Hooman L. Acquires Multifamily Property In Crenshaw For $2.26M

3475 West Slauson Avenue, Los Angeles, CA, USA

$2,260,000

$161/SF

Building Size

14,000 SF

Asset Type

MultiFamily

Closing

Dec 1, 2019

AI

A multifamily property located at 3475 Slauson Ave and 5752 Brynhurst Ave in the Crenshaw market has been sold for a total price of $2,260,000. The property spans across 14,000 square feet, with a price per square foot of $161.43. It consists of 63 units, resulting in a price per unit of $35,873.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,260,000
  • Square Footage: 14,000
  • Price Per Square Foot: $161.43
  • Number of Units: 63
  • Price Per Unit: $35,873

The buyer of this multifamily property is Hooman L. The sellers are Mark Zakarian and Jonathan Rocca. The broker involved in the deal is Sam Alishahi.

Players

Sam Alishahi

Keller Williams Realty

Broker

$16.9M

vol

4 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

7.02%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93