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
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