Ray Rodriguez & Scotty Weisstein Acquire Multifamily Property In Los Angeles For $1.35M
4621 Oakwood Ave, Los Angeles, CA, USA
$1,350,000
$510/SF
Building Size
2,645 SF
Asset Type
MultiFamily
Closing
May 27, 2020
AI
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93