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4647 Pickford Street

Foothill Village LP Acquires Multifamily Property In Los Angeles For $3.35M
SOLDMultiFamily

Foothill Village LP Acquires Multifamily Property In Los Angeles For $3.35M

4647 Pickford Street

$3,350,000

$478/SF

Building Size

7,007 SF

Asset Type

MultiFamily

Closing

Feb 16, 2023

AI

The multifamily property located at 4647 Pickford Street in Los Angeles has been sold in a recent transaction. The property consists of four units and spans across 7,007 square feet. The sale price for this property was $3,350,000, resulting in a price per unit of $837,500 and a price per square foot of $478.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,350,000
  • Units: 4
  • Price per Unit: $837,500
  • Square Footage: 7,007
  • Price per Square Foot: $478
  • Address: 4647 Pickford Street, Los Angeles

The buyer in this transaction is Foothill Village Property, LP, while the seller is Zenna Lim. Representing the buyer is Zoey Granott from URBANLIME Real Estate, and representing the seller are 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

Market 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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93