Updated Dec 4, 2024
David Bensoussan Of Olsen Realty Represents Buyer In Multifamily Sale At 4331 South Budlong Avenue For $2.55M
4331 South Budlong Avenue
$2,550,000
$515/SF
Building Size
4,949 SF
Asset Type
MultiFamily
Closing
Jul 17, 2024
About this deal
AI
4331 South Budlong Avenue is a newly developed multi-family property located in Los Angeles. This property sold for $2.55 million and encompasses 4,949 square feet, resulting in a price per square foot of $515. The three-story building features a duplex and an ADU, positioned conveniently near major freeways and local attractions, including USC and SOFI Stadium. The units are equipped with modern amenities such as quartz countertops, stainless steel appliances, custom closets, and central HVAC systems, catering to contemporary living needs with stylish finishes and efficient landscaping.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 4331 South Budlong Avenue
- Market: Los Angeles
- Square Footage: 4,949
- Price per Square Foot: $515
- Buyer's Representative: David Bensoussan - Olsen Realty
- Seller's Representative: Christian Limon - Century 21 A Better Service
The transaction involved key brokerage representatives David Bensoussan of Olsen Realty and Christian Limon from Century 21 A Better Service, facilitating the sale of the property. The deal reflects the ongoing interest in multi-family developments in the Los Angeles market.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93