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3529 Ferncroft Road, Atwate...

Villalpando Family Trust Sells Atwater Village Multifamily For $699K
SOLDMultiFamily

Villalpando Family Trust Sells Atwater Village Multifamily For $699K

3529 Ferncroft Road, Atwater Village, Los Angeles, CA, USA

$699,000

$697/SF

Building Size

1,002 SF

Asset Type

MultiFamily

Closing

Jan 7, 2020

AI

The multifamily property located at 3529 Ferncroft Rd in Atwater Village was recently sold for $699,000. The property spans 1,002 square feet and consists of 2 units, resulting in a price per unit of $349,500. The sale took place on January 8, 2020. The seller in this transaction was the Villalpando Family Trust.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $699,000
  • Square Footage: 1,002
  • Price per Square Foot: $697.60
  • Number of Units: 2
  • Price per Unit: $349,500
  • Market: Atwater Village

The brokers involved in this transaction were Ronie Ravan, Elizabeth Clark, and Sayeh Foroutan.

Players

Ronie Ravan

Broker

$3.7M

vol

3 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

22.69%

Cash-on-Cash

-6.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93