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2 Russell Properties Acquires Multifamily Property On Russell Ave In Los Feliz For $1.4M

Property Image
SOLD
$1,400,000

California

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MultiFamily3,780 SF
Sold 03/08/2021
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Property Image
SOLD

2 Russell Properties Acquires Multifamily Property On Russell Ave In Los Feliz For $1.4M

5349 Russell Ave, Central LA, Los Angeles, CA, USA

See Similar Deals
MultiFamily3,780 SF
Sold 03/08/2021
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$370
Total Square Footage:3,780 SF
Transaction Type:Sale

Located in the desirable Los Feliz neighborhood, this multifamily property at 5349 Russell Ave recently changed hands in a sale transaction. The property consists of 3 units, spanning a total of 3,780 square feet. The sale price for this transaction was $1,400,000, resulting in a price per unit of $466,666. The price per square foot was calculated at $370. The transaction took place on 03/08/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 5349 Russell Ave
  • Market: Los Feliz

The buyer in this transaction was 2 Russell Properties, while the seller was the Selina Lau Trust. The transaction was facilitated by broker Will Tiao from Tiao Properties, representing the interests of 2 Russell Properties.

Players

Will Tiao
The Collective Realty
Will Tiao
10 deals$28.2M volume
BROKER

Details

SOLD
IMAGE: Will Tiao DATE: 03/08/2021 ADDRESS: 5349 Russell Ave MARKET: Los Feliz ASSET TYPE: Multifamily BUYER: 2 Russell Properties SELLER: Selina Lau Trust BROKER: Will Tiao @TiaoProperties SALE PRICE: $1,400,000 UNITS: 3 ~ PPU: $466,666 SF: 3,780 ~ PPSF: $370

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57