Moriarty Family Acquires Multifamily/Parking/Development/Retail Portfolio In Silver Lake For $6.3M
1444 Edgecliffe Dr, Los Angeles, CA 90026, USA
$6,300,000
$856/SF
Building Size
7,353 SF
Asset Type
MultiFamily
Closing
Jul 16, 2020
AI
The property sale in Silver Lake included four lots: one restaurant property, a parking lot, a vacant plot, and a retail property. The total price for the transaction was $6,300,000.
Summary of transaction details
- Property Type: Multifamily/Parking/Development/Retail
- Transaction Amount: $6,300,000
- Address: 3626 W Sunset, 3620 W Sunset, 1440 N Edgecliffe, 1444 N Edgecliffe Dr
- Market: Silver Lake
The buyer of the property was the Moriarty Family. The transaction was facilitated by brokers Lorena Tomb and Leslie Haro from Urban Lime Real Estate.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93