Unknown LLC Acquires 30-Unit Multifamily Property In Los Angeles For $4.3M
SOLD
$4,300,000
California
See Similar DealsMultiFamily
SOLD
Unknown LLC Acquires 30-Unit Multifamily Property In Los Angeles For $4.3M
430 S Union Ave, Los Angeles, CA, 90...
See Similar DealsMultiFamily
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 430 S. Union Ave in Los Angeles, CA, was sold for $4,300,000. The building, constructed in 1926, comprises 30 one-bedroom apartments, valued at $142,500 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,300,000.00
- Asset Type: MultiFamily
- Market: Los Angeles
- Address: 430 S Union Ave, Los Angeles, CA, 90...
Rick Raymundo from Marcus & Millichap in Los Angeles represented the buyer in the acquisition. The seller of the property was represented by Kinyan Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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