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4929 Lynnfield Street

Updated Dec 4, 2024

Connie Son Acquires 4929 Lynnfield St Multifamily In LA For $4.55M
SOLDMultiFamily

Connie Son Acquires 4929 Lynnfield St Multifamily In LA For $4.55M

4929 Lynnfield Street

$4,550,000

$307/SF

Building Size

14,785 SF

Asset Type

MultiFamily

Closing

Jun 21, 2024

About this deal

AI

4929 Lynnfield Street in Los Angeles has been sold for $4,550,000. The multifamily property consists of 20 units, featuring a mix of 5 one-bedroom units and 15 two-bedroom units, along with 4 recently built ADUs. It offers town-home style layouts with balconies and hillside views, along with amenities such as secure gated entry, parking, and on-site laundry facilities for tenants.

Summary of transaction details:

Connie Son of Goshen Properties & Realty represented the buyer in the transaction, while Tony Azzi of Marcus & Millichap represented the seller. The property, located in Los Angeles, offers a mix of one-bedroom and two-bedroom units, along with additional ADUs. Both the buyer and seller were represented by well-established brokerage firms in the deal.

Players

Tony Azzi

Marcus & Millichap

Broker

$642.5M

vol

66 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $307 per square foot on a published $4.6M for 14,785 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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