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514 North Madison Avenue, L...

Updated Dec 21, 2023

Arash Danialifar Acquires Multifamily Property In Los Angeles For $8.4M
SOLDMultiFamily

Arash Danialifar Acquires Multifamily Property In Los Angeles For $8.4M

514 North Madison Avenue, Los Angeles, California 90029, United States

$8,400,000

$430/SF

Building Size

19,506 SF

Asset Type

MultiFamily

Closing

Apr 14, 2022

About this deal

AI

Located in Los Angeles, the multifamily property at 514 - 570 N. Madison has recently been sold for a price of $8,400,000. The transaction took place on 04/15/2022 and involved a total of 25 units, resulting in a price per unit of $336,000. The property spans across 19,506 square feet, translating to a price per square foot of $430.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,400,000
  • Units: 25
  • Price per Unit: $336,000
  • Square Footage: 19,506
  • Price per Square Foot: $430
  • Market: Los Angeles

The buyer of this property is Arash Danialifar, while the sellers are Diane Loesch Klein and Williame Loesch. The transaction was facilitated by the brokers Rick Ramirez, Eric Mandell, Chris Kim, and Luc Hawkshaw from Ally Commercial Real Estate. Their expertise and guidance contributed to the successful completion of this deal.

On the Map

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$8,400,000

$430/SF

MultiFamily

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Players

Luc Hawkshaw

Ally Commercial Real Estate

Broker

$171.2M

vol

26 deals

Broker
Arash Danialifar

Arash Danialifar

GD Realty Group

Buyer

$114.4M

vol

10 deals

Buyer
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $430 per square foot on a published $8.4M for 19,506 square feet (2022).

Visit Luc Hawkshaw to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.89%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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