Dustin Pourbaba Acquires Virgil Village Multifamily For $7.45M
4015 Melrose Avenue, Los Angeles, CA 90029
$7,450,000
$268/SF
Building Size
27,796 SF
Asset Type
MultiFamily
Closing
Dec 21, 2021
AI
A multifamily property located at 4015 Melrose Ave in Virgil Village was recently sold for a total price of $7,450,000. The transaction took place on December 21, 2021. The property consists of 44 units, with each unit having a price per unit (PPU) of $169,318. The total square footage of the property is 27,796, with a price per square foot (PPSF) of $268.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,450,000
- Units: 44
- Price per Unit (PPU): $169,318
- Square Footage: 27,796
- Price per Square Foot (PPSF): $268
- Address: 4015 Melrose Ave
- Market: Virgil Village
The buyer for this transaction was Dustin Pourbaba, while the seller was Barry Mason. The deal was facilitated by brokers Janet Neman, Angelica Gotzev, and Bryan Glenn from Kidder Matthews.
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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93