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3812 West Adams Boulevard

Charyl Polk-Jackson Sells Multifamily Property In Los Angeles For $1.6M
SOLDMultiFamily

Charyl Polk-Jackson Sells Multifamily Property In Los Angeles For $1.6M

3812 West Adams Boulevard

$1,600,000

$300/SF

Building Size

5,321 SF

Asset Type

MultiFamily

Closing

Apr 8, 2024

AI

The multifamily property located at 3812 West Adams Boulevard in Los Angeles was sold for $1,600,000. The asset comprises 8 units with a price per unit of $200,000, spanning 5,321 square feet at a price per square foot of $301.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Units: 8
  • Price Per Unit: $200,000
  • Square Footage: 5,321
  • Price Per Square Foot: $301
  • Address: 3812 West Adams Boulevard
  • Market: Los Angeles
  • Seller: Charyl Polk-Jackson
  • Brokers: Andrew Leff & Mark Cianciulli - The CREM Group

Andrew Leff and Mark Cianciulli from The CREM Group represented the seller in this transaction.

Players

Andrew Leff

The CREM Group

Broker

$100.9M

vol

27 deals

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93