Dunleer Sells 7-Unit Multifamily Property In Highland Park For $2.37M
400 N Ave 54, Los Angeles, CA 90042, USA
$2,370,000
$1,410/SF
Building Size
1,680 SF
Asset Type
MultiFamily
Closing
May 18, 2020
AI
The multifamily property located at 400 North Avenue 54 in Highland Park has been sold for a price of $2,370,000. The property consists of 7 units, with each unit having a price per unit of $338,571.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,370,000
- Units: 7
- Price Per Unit: $338,571
The seller of the property is Dunleer. The deal was facilitated by brokers Han Widjaja Chen and Justin McCardle of Growth Investment Group. It is worth noting that Dunleer had purchased the property for $1.2M back in 2016.
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
6.69%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93