Elijah Korobkin Of Central Realty Advisors Inc Represents Buyer In $2.25M Multifamily Sale In Los Angeles
3522 Bellevue Avenue
$2,250,000
$328/SF
Building Size
6,840 SF
Asset Type
MultiFamily
Closing
Aug 16, 2024
AI
An 8-unit multifamily property at 3522 Bellevue Avenue, Los Angeles, sold for $2.25 million. The property consists of seven 2-bedroom units and one 1-bedroom unit, with a total square footage of 6,840. The price per unit amounts to $281,250, and the price per square foot is $329. The building has undergone recent upgrades and is situated near major amenities, with current rents below market rates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 8
- Price Per Unit: $281,250
- Square Footage: 6,840
- Price Per Square Foot: $329
- Buyer's Representative: Elijah Korobkin - Central Realty Advisors Inc
- Seller's Representative: Jackson Wong - Coldwell Banker Dynasty
This transaction involves key representatives in the real estate sector. Elijah Korobkin represents the buyer through Central Realty Advisors Inc, while Jackson Wong represents the seller via Coldwell Banker Dynasty, facilitating this multifamily property sale in Los Angeles.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93