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5508 York Boulevard, Los An...

Olga Lilian Albizurez, Jorge A. Lopez & Javier A. Lopez Albizurez Acquire Multifamily Property In Highland Park For $1.3M
SOLDMultiFamily

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

Klyvia Iha

Marcus & Millichap

Broker

$28.2M

vol

9 deals

Broker

Jorge A. Lopez

Buyer

$101.8M

vol

5 deals

Buyer

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