Kathryn A. Mullikin Sells Palms Multifamily For $5.8M With The Eshaghyan Group
3644 Keystone Avenue, Los Angeles, California 90034, United States
$5,800,000
$614/SF
Building Size
9,443 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
AI
A multifamily property located at 3644 Keystone Ave. in Palms has been sold for $5,800,000. The property consists of 10 units, with each unit valued at approximately $580,000. The total square footage of the property is 9,443, making the price per square foot around $614.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 3644 Keystone Ave.
- Market: Palms
- Units: 10
- Price Per Unit: $580,000
- Square Footage: 9,443
- Price Per Square Foot: $614
The sale was facilitated by Iman Eshaghyan and Mina Eshaghyan of The Eshaghyan Group, who represented the seller, Kathryn A. Mullikin. Their expertise in the Palms market played a crucial role in the successful transaction.
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93