Updated Sep 9, 2024
Carmen Gonzalez Acquires Multifamily Property In Mid City For $2.4M
4537 St Elmo Dr, Central LA, Los Angeles, CA, USA
$2,400,000
$426/SF
Building Size
5,634 SF
Asset Type
MultiFamily
Closing
Apr 12, 2021
About this deal
AI
A multifamily property located at 4537 St. Elmo Street in Mid City has been sold. The property spans 5,634 square feet and was sold for $2,400,000, resulting in a price per square foot of $426. The transaction took place on April 13, 2021.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
Carmen Gonzalez purchased the property from Eric White. Adam Ginsberg, Daniel Hirth, and Elijah Suval, representing the Hirth Group, acted as the buyer's representatives. SJ Van Der Berg represented the seller, Eric White. The asking price for the property was $2,495,000.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93