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442 South Lake Street

SOLDMultiFamily

Daniel Dunkelman Acquires Multifamily Property In Los Angeles For $6.15M

442 South Lake Street

$6,150,000

$284/SF

Building Size

21,654 SF

Asset Type

MultiFamily

Closing

Oct 18, 2022

AI

The multifamily property located at 442 S Lake Street in Los Angeles, CA has been sold in a closed transaction. The property comprises 15 units with a total square footage of 21,654. The sale price for this transaction was $6,150,000, equating to a per unit price of $410,000. The price per square foot is $284.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,150,000
  • Units: 15
  • Price Per Unit: $410,000
  • Square Footage: 21,654
  • Price Per Square Foot: $284
  • Address: 442 S Lake Street, Los Angeles, CA

The buyer for this transaction is Daniel Dunkelman, and the seller is Steve Miller. The deal was facilitated by Taylor Avakian from Matthews Real Estate Investment Services.

Players

Taylor Avakian
Verified Badge

Taylor Avakian

Lyon Stahl Investment Real Estate

Broker

$221.3M

vol

53 deals

Broker
Matthews
Matthews Brokerage

Daniel Dunkelman

Buyer

$31.2M

vol

4 deals

Buyer

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

2.58%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93