Updated Oct 29, 2024
2 Russell Properties Acquires Multifamily Property On Russell Ave In Los Feliz For $1.4M
5349 Russell Ave, Central LA, Los Angeles, CA, USA
$1,400,000
$370/SF
Building Size
3,780 SF
Asset Type
MultiFamily
Closing
Mar 7, 2021
About this deal
AI
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.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93