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Urbanlime Real Estate Acquires Multifamily Property On Exposition Boulevard In Los Angeles For $3.2M

Property Image
SOLD
$3,225,000

California

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MultiFamily5,610 SF
Sold 03/14/2023
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Property Image
SOLD

Urbanlime Real Estate Acquires Multifamily Property On Exposition Boulevard In Los Angeles For $3.2M

3811 Exposition Boulevard

See Similar Deals
MultiFamily5,610 SF
Sold 03/14/2023
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$574
Total Square Footage:5,610 SF
Transaction Type:Sale

The multifamily property located at 3811 Exposition Boulevard in Los Angeles has been sold. The transaction took place on 03/14/2023, with a sale price of $3,225,000. The property consists of 4 units, resulting in a price per unit (PPU) of $806,250. The total square footage of the property is 5,610, making the price per square foot (PPSF) $575.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $3,225,000
  • Units: 4
  • PPU: $806,250
  • Square Footage: 5,610
  • PPSF: $575

Zoey Granott from URBANLIME Real Estate represented the buyer in this transaction. The seller's representatives were Elizabeth Maddox and Ian Maddox from The 2-4 Unit Specialists.

Players

Elizabeth Maddox
26 deals$80.4M volume
BROKER

Ian Maddox
The 2-4 Unit Specialists
24 deals$72.4M volume
BROKER

Zoey Granott
Urbanlime Real Estate
11 deals$48M volume
BROKER

Details

SOLD
IMAGE: Zoey Granott, Elizabeth Maddox & Ian Maddox DATE: 03/14/2023 ADDRESS: 3811 Exposition Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily SELLER: Jacob Rabbanian & Jonathan Rabbanian BUYER'S REP: Zoey Granott (@Zoeygranott) - URBANLIME Real Estate (@Urbanlime_RealEstate) SELLER'S REP: Elizabeth Maddox (@Elizabethjmaddox) & Ian Maddox (@Ian_maddox) - The 2-4 Unit Specialists (@Twotofourunits) SALE PRICE: $3,225,000 UNITS: 4 ~ PPU: $806,250 SF: 5,610 ~ PPSF: $575

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$172,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,457.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,288.15
Annual Debt Service$183,457.74