Russell Gould Acquires Multifamily Property In Los Feliz For $4.775M
4711 Finley Ave, Los Feliz, Los Angeles, CA, USA
$4,775,000
$479/SF
Building Size
9,951 SF
Asset Type
MultiFamily
Closing
Nov 24, 2021
AI
Located in Los Feliz, the multifamily property at 4711 Finley Ave. has changed hands in a recent transaction. The sale was facilitated by brokers Zac Freehling and David Regalado of Pacific Partners on behalf of the seller, Adam Corleto. The buyer, Russell Gould, acquired the property for a sale price of $4,775,000. The asset spans a total area of 9,951 square feet, resulting in a price per square foot of $479.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $4,775,000
- Address: 4711 Finley Ave.
- Market: Los Feliz
- Brokers: Zac Freehling & David Regalado - Pacific Partners
Zac Freehling and David Regalado, representing Pacific Partners, acted as brokers in this transaction, facilitating the deal between Adam Corleto and Russell Gould.
Players
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
3.32%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93