Charyl Polk-Jackson Sells Multifamily Property In Los Angeles For $1.6M
SOLD
California
See Similar DealsMultiFamily5,321 SF
Sold 04/08/2024
SOLD
Charyl Polk-Jackson Sells Multifamily Property In Los Angeles For $1.6M
3812 West Adams Boulevard
See Similar DealsMultiFamily5,321 SF
Sold 04/08/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$300
Total Square Footage:5,321 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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