Updated Dec 21, 2023
The Rothman & Conan Family Acquires Palms Multifamily For $3.2M
3601 Jasmine Avenue, Los Angeles, CA, USA
$3,225,000
$661/SF
Building Size
4,872 SF
Asset Type
MultiFamily
Closing
Aug 12, 2021
About this deal
AI
The multifamily property located at 3601 Jasmine Avenue in Palms was recently sold for a total price of $3,225,000. The transaction took place on August 13, 2021. The property consists of 9 units, resulting in a price per unit (PPU) of $358,333. The capitalization rate (CAP) for this sale is 3.73%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,225,000
- Address: 3601 Jasmine Avenue, Palms
- Market: Palms
- Buyer: The Rothman & Conan Family
- Seller: Eva Field
The buyer, The Rothman & Conan Family, acquired the property from the seller, Eva Field. The transaction was facilitated by the broker, Sam Liberow.
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
4.92%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93