Updated Dec 4, 2024
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:
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Units: 20
- Price Per Unit: $227,500
- Square Footage: 14,785
- Price Per Square Foot: $308
- Address: 4929 Lynnfield Street
- Market: Los Angeles
- Buyer's Rep: Connie Son - Goshen Properties & Realty
- Seller's Rep: Tony Azzi - Marcus & Millichap
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
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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93