Christian Stayner Acquires Multifamily Property On Melrose Ave From Ami Zigner For $1.42M
SOLD
$1,420,000
California
See Similar DealsMultiFamily4,098 SF
Sold 01/27/2022
SOLD
Christian Stayner Acquires Multifamily Property On Melrose Ave From Ami Zigner For $1.42M
4362 Melrose Ave
See Similar DealsMultiFamily4,098 SF
Sold 01/27/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$346
Total Square Footage:4,098 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 4362 Melrose Ave in the Los Angeles market. The sale price of the property was $1,420,000.00 with a total square footage of 4,098.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,420,000.00
- Address: 4362 Melrose Ave
- Market: Los Angeles
- Square Footage: 4098.0
- Buyer: CHRISTIAN STAYNER
- Seller: Ami Zigner
- Brokers: Chase Simonton (Re/Max), Robert Carlile (Re/Max), Nicole Kilmer
The key individuals in this transaction include buyer Christian Stayner and seller Ami Zigner. The deal was represented by brokers Chase Simonton and Robert Carlile from Re/Max, along with Nicole Kilmer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$75,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,044.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,731.52
Annual Debt Service$80,778.29
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