Ni Andy Purchases Multifamily Asset On La Madera Avenue From Rosemary Lawdy For $3.7M
SOLD
$3,700,000
California
See Similar DealsMultiFamily18,192 SF
Sold 06/09/2025
SOLD
Ni Andy Purchases Multifamily Asset On La Madera Avenue From Rosemary Lawdy For $3.7M
3512 La Madera Avenue
See Similar DealsMultiFamily18,192 SF
Sold 06/09/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$203
Total Square Footage:18,192 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily unit located at 3512 La Madera Avenue in the El Monte market. The sale price was $3,700,000 for a total of 18 units, resulting in a price per unit of $205,555. The total square footage of the property is 18,192, which equates to a price per square foot of $203.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Units: 18
- Price Per Unit: $205,555
- Square Footage: 18,192
- Price Per Square Foot: $203
- Buyer: Ni Andy
- Seller: Rosemary Lawdy
- Broker: Nick Hayner - Maywood Property Group
The buyer, Ni Andy, made a non-contingent offer that was above the list price, which contributed to an expedited transaction process. Additionally, the buyer purchased 3043 Potrero Ave in conjunction with 3512-3522 La Madera Ave. Maywood Property Group represented both the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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