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4523 Saint Elmo Drive

Joshua Friedman Acquires Multifamily Property On St Elmo Dr In Los Angeles For $3.29M
SOLDMultiFamily

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

Elizabeth Maddox

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 deals

Broker

Joshua Friedman

Canyon Partners

Buyer

$46.3M

vol

2 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

4.82%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93