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4362 Melrose Ave

Christian Stayner Acquires Multifamily Property On Melrose Ave From Ami Zigner For $1.42M
SOLDMultiFamily

Christian Stayner Acquires Multifamily Property On Melrose Ave From Ami Zigner For $1.42M

4362 Melrose Ave

$1,420,000

$346/SF

Building Size

4,098 SF

Asset Type

MultiFamily

Closing

Jan 27, 2022

AI

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.

Players

Chase Simonton

Re/Max

Broker

$142.5M

vol

45 deals

Broker

CHRISTIAN STAYNER

Buyer
Buyer

Ami Zigner

Seller
Seller

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

11.17%

Cash-on-Cash

-3.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93