Updated Sep 9, 2024
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
About this deal
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.
On the Map
$6,300,000
$856/SF
MultiFamily
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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