Olga Lilian Albizurez, Jorge A. Lopez & Javier A. Lopez Albizurez Acquire Multifamily Property In Highland Park For $1.3M
5508 York Boulevard, Los Angeles, California 90042, United States
$1,300,000
$406/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
AI
A multifamily property located at 5508-5510 York Blvd. in Highland Park has recently been sold for $1,300,000. The property consists of four units with a total square footage of 3,200, equating to a price per square foot of $406. The transaction took place on 06/07/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 5508-5510 York Blvd.
- Market: Highland Park
- Units: 4
- Price per Unit: $325,000
- Square Footage: 3,200
- Price per Square Foot: $406
The buyers of the property are Olga Lilian Albizurez, Jorge A. Lopez, and Javier A. Lopez Albizurez. They were represented by Chris Mardelli of Upside Properties. On the other hand, the sellers were Mr. Jorge Calderon and Mrs. Lilian Calderon. The Agnew-Serling Group, including Martin Agnew, Klyvia Iha, and Ryan Serling, represented the sellers in the transaction.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93