Updated Dec 21, 2023
Taksa Investment Group Acquires 4 Multifamily Properties In Los Feliz For $9M
4310 Los Feliz Blvd, Los Angeles, CA 90027, USA
$9,000,000
$44/SF
Building Size
202,440 SF
Asset Type
MultiFamily
Closing
May 14, 2020
About this deal
AI
Four adjacent properties located at 4230, 4250, 4306, and 4310 Los Feliz Blvd in Los Feliz have been sold as a package transaction. The multifamily asset consists of 32 units with a total square footage of 20,244. The transaction price for this deal was $9,000,000, resulting in a price per square foot (PPSF) of $444.58. The price per unit (PPU) for the 32 units is $281,250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Market: Los Feliz
- Address: 4230, 4250, 4306, 4310 Los Feliz Blvd, Los Feliz
- Square Footage: 20,244
- Price per Square Foot (PPSF): $444.58
- Units: 32
- Price per Unit (PPU): $281,250
The deal was facilitated by Jonathan Taksa and Rob Renshaw from Taksa Investment Group, who acted as brokers in this transaction.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93