Updated Oct 29, 2024
Unknown LLC Acquires 30-Unit Multifamily Property In Los Angeles For $4.3M
430 S Union Ave, Los Angeles, CA, 90...
$4,300,000
Units
30
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
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.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93