Updated Oct 29, 2024
Elijah Korobkin And Maxx Feldman Acquire West Adams Multifamily For $2.9M
3807 West Adams Boulevard, Los Angeles, CA, USA
$2,925,000
$299/SF
Building Size
9,778 SF
Asset Type
MultiFamily
Closing
Oct 30, 2019
About this deal
AI
The multifamily property located at 3807-3815 West Adams Blvd in the West Adams market has been sold. The transaction took place on October 31, 2019, and the property was purchased for a total price of $2,925,000. The property spans an area of 9,778 square feet, resulting in a price per square foot of $299.14. It consists of 12 units, with a price per unit of $243,750.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,925,000
- Address: 3807-3815 West Adams Blvd
- Market: West Adams
- Square Footage: 9,778
- Price per Square Foot: $299.14
- Number of Units: 12
- Price per Unit: $243,750
Elijah Korobkin and Maxx Feldman, represented by The Goldfinger Group, were the buyers of this property. The transaction was facilitated by Daniel Perez of Keller Williams Studio City.
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
5.42%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93