Joshua Friedman Acquires Multifamily Property On St Elmo Dr In Los Angeles For $3.29M
4523 Saint Elmo Drive
$3,290,000
$576/SF
Building Size
5,703 SF
Asset Type
MultiFamily
Closing
Sep 16, 2022
AI
Located at 4523 St Elmo Dr in Los Angeles, CA, this multifamily property is the subject of a recent sale transaction. The property encompasses a total of 4 units, with a price per unit (PPU) of $822,500. The total square footage (SF) of the property is 5,703, resulting in a price per square foot (PPSF) of $577. The sale price for this transaction is $3,290,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,290,000
- Units: 4
- Price per Unit (PPU): $822,500
- Square Footage (SF): 5,703
- Price per Square Foot (PPSF): $577
- Address: 4523 St Elmo Dr, Los Angeles, CA
Leading the transaction as the buyer is Joshua Friedman. On the seller's side is Angeles Madison Residl Ownco, represented by Adam O'Neill. The deal was facilitated by Elizabeth Maddox and Ian Maddox from The 2-4 Unit Specialists.
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
4.82%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93