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3522 Bellevue Avenue

Elijah Korobkin Of Central Realty Advisors Inc Represents Buyer In $2.25M Multifamily Sale In Los Angeles
SOLDMultiFamily

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

Elijah Korobkin

Broker

$3.9M

vol

2 deals

Broker

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