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4711 Finley Ave, Los Feliz,...

Russell Gould Acquires Multifamily Property In Los Feliz For $4.775M
SOLDMultiFamily

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

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 deals

Broker

Adam Corleto

Seller

$15.6M

vol

4 deals

Seller

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