3512 La Clede LLC Acquires Atwater Village Multifamily For $1.686M
3512 La Clede Ave, Los Angeles, CA 90039, USA
$1,686,000
$33/SF
Building Size
49,980 SF
Asset Type
MultiFamily
Closing
Jun 8, 2020
AI
Located in Atwater Village, the multifamily property at 3512 La Clede Avenue has been sold in a closed transaction. The property spans across 4,998 square feet and consists of 6 units. The sale price for this property was $1,686,000, resulting in a price per square foot of approximately $337.33. The buyer, 3512 La Clede LLC, acquired the property from the seller, Smith Trust.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,686,000
- Square Footage: 4,998
- Price per Square Foot: $337.33
- Number of Units: 6
- Price per Unit: $281,000
- Buyer: 3512 La Clede LLC
- Seller: Smith Trust
Representing Smith Trust in this transaction was Eric Dilanian from Dilanian Real Estate Advisors.
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
9.41%
Cash-on-Cash
-2.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93