Ray Rodriguez & Scotty Weisstein Acquire Multifamily Property In Los Angeles For $1.35M
SOLD
$1,350,000
California
See Similar DealsMultiFamily2,645 SF
Sold 05/27/2020
SOLD
Ray Rodriguez & Scotty Weisstein Acquire Multifamily Property In Los Angeles For $1.35M
4621 Oakwood Ave, Los Angeles, CA, USA
See Similar DealsMultiFamily2,645 SF
Sold 05/27/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$510
Total Square Footage:2,645 SF
Transaction Type:Sale
An multifamily property located at 4621 Oakwood Ave. in Los Angeles has been sold for $1,350,000. The property consists of 2 units with a total square footage of 2,645. The price per unit is $675,000 and the price per square foot is $508.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 2
- Price per Unit: $675,000
- Square Footage: 2,645
- Price per Square Foot: $508
- Address: 4621 Oakwood Ave.
- Market: Los Angeles
The buyer's representatives for the deal were Ray Rodriguez from @RayRodriguezRE and Scotty Weisstein from @ScottyWeissteinRE, both of LucrumRE and KW Commercial SoCal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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