Updated Oct 29, 2024
Grossman-Cross Family Trust Sells 16-Unit Multifamily Property In Los Angeles For $5.8M
415 North Orange Grove Avenue
$5,800,000
$452/SF
Building Size
12,818 SF
Asset Type
MultiFamily
Closing
Dec 12, 2022
About this deal
AI
The multifamily property located at 415 North Orange Grove Avenue in Los Angeles has been sold for a price of $5,800,000. The seller of the property was the Grossman-Cross Family Trust. The transaction was facilitated by Matthew Kanner from Keller Williams. The property consists of 16 units, with an average price per unit of $362,500. The total square footage of the property is 12,818, making the price per square foot $452.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Units: 16
- Price Per Unit: $362,500
- Square Footage: 12,818
- Price Per Square Foot: $452
Matthew Kanner, representing Keller Williams, played a key role in the sale of this multifamily property. His expertise and negotiation skills contributed to the successful completion of the transaction.
On the Map
$5,800,000
$452/SF
MultiFamily
View full map
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Kanner to view all their deals.
Browse Los Angeles multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93