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3922 West 28th Street, Los ...

Andrew Riad Acquires Multifamily Property On 3922 W 28th Street, Los Angeles For $1.075M
SOLDMultiFamily

Andrew Riad Acquires Multifamily Property On 3922 W 28th Street, Los Angeles For $1.075M

3922 West 28th Street, Los Angeles, California 90018, United States

$1,075,000

$445/SF

Building Size

2,416 SF

Asset Type

MultiFamily

Closing

Mar 30, 2022

AI

Located at 3922 W 28th Street in Los Angeles, this multifamily property recently sold for a sale price of $1,075,000. The property consists of 3 units, with a price per unit of $358,333. The total square footage of the property is 2,416, resulting in a price per square foot of $444.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Units: 3
  • Price per Unit: $358,333
  • Square Footage: 2,416
  • Price per Square Foot: $444

The buyer of the property is Andrew Riad, while the seller is Bernardo Perez. The transaction was facilitated by broker Vic Arutyunyan from Sync Brokerage.

Players

Vic Arutyunyan

Broker

$2.7M

vol

2 deals

Broker

Andrew Riad

Buyer

$1.1M

vol

1 deal

Buyer

Bernardo Perez

Seller

$6.1M

vol

2 deals

Seller

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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93