Updated Dec 4, 2024
Rosa Garcia & Alessandra Ferracuti Facilitate $2.6M Multifamily Sale In Los Angeles
4957 Melrose Hill Street & 4959 Melrose Hill Street
$2,600,000
$259/SF
Building Size
5,004 SF
Asset Type
MultiFamily
Closing
Apr 23, 2024
About this deal
AI
The compound estate at 4957-4959 Melrose Hill Street in Los Angeles, boasting a main unit with a mother-in-law suite and a detached unit, was sold for $2.6 million. With both units currently rented, offering a combined living space of over 5,000 square feet, this property presents an opportunity for the fortunate owner to enjoy Hollywood living while generating rental income.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Location: 4957-4959 Melrose Hill Street, Los Angeles
- Market: Los Angeles
- Size: 5,004 SF
- Price per Square Foot: $520
- Buyer's Representative: Rosa Garcia - Division One Investment & Loan, Inc
- Seller's Representative: Alessandra Ferracuti - Compass
- Acreage: 0.3 acres
The buyer's representative in the deal is Rosa Garcia from Division One Investment & Loan, Inc, while the seller's representative is Alessandra Ferracuti from Compass.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93