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3512 La Clede Ave, Los Ange...

Updated Oct 29, 2024

Bilt advertisement
3512 La Clede LLC Acquires Atwater Village Multifamily For $1.686M
SOLDMultiFamily

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

About this deal

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

Eric Dilanian

Re/Max

Broker

$18.4M

vol

7 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $33 per square foot on a published $1.7M for 49,980 square feet (2020).

Visit Eric Dilanian to view all their deals.

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

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