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
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