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

Property Image
SOLD
$1,686,000

California

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MultiFamily49,980 SF
Sold
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Property Image
SOLD

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

3512 La Clede Ave, Los Angeles, CA 90039, USA

See Similar Deals
MultiFamily49,980 SF
Sold
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$33
Total Square Footage:49980 SF
Transaction Type:Sale

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
Eric Dilanian
6 deals$11.8M volume
BROKER

Details

SOLD
IMAGE: Eric Dilanian DATE: 06/09/2020 ADDRESS: 3512 La Clede Avenue MARKET: Atwater Village ASSET TYPE: Multifamily PRICE: $1,686,000 SF: 4,998 PPSF: $337.33 UNITS: 6 PPU: $281,000 BUYER: 3512 La Clede LLC SELLER: Smith Trust BROKER: Eric Dilanian – Dilanian Real Estate Advisors

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$89,920.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,990.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,992.50
Annual Debt Service$95,910.00