Bernard Poulin Acquires Multifamily Property On Clayton Ave. In Los Feliz For $1.385M
SOLD
$1,385,000
California
See Similar DealsMultiFamily1,799 SF
Sold 07/25/2022
SOLD
Bernard Poulin Acquires Multifamily Property On Clayton Ave. In Los Feliz For $1.385M
4202 Clayton Avenue
See Similar DealsMultiFamily1,799 SF
Sold 07/25/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$769
Total Square Footage:1,799 SF
Transaction Type:Sale
The multifamily property located at 4202 Clayton Ave in Los Feliz has been sold in a recent transaction. The property consists of 2 units with a total square footage of 1,799. The sale price for the property was $1,385,000, resulting in a price per unit of $692,500 and a price per square foot of $769.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,385,000
- Units: 2
- Price per Unit: $692,500
- Square Footage: 1,799
- Price per Square Foot: $769
- Market: Los Feliz
The buyer in this transaction was Bernard Poulin, while the seller was Michael Glassick. The deal was facilitated by Andy C. Kawatra and Floyd Shaheen from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,920.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,565.61
Annual Debt Service$78,787.28
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