Arash Pashaei & Jason Tuvia Broker Silver Lake Multifamily Sale At $1.58M
607 North La Fayette Park Place, Los Angeles, CA 90026, USA
$1,580,000
$418/SF
Building Size
3,774 SF
Asset Type
MultiFamily
Closing
Aug 29, 2019
AI
A multifamily property located at 607 North La Fayette Park Place in the Silver Lake market has been sold for $1,580,000. This property consists of 5 units with a total square footage of 3,774. The sale price per square foot was $418.65, and each unit was sold at a price of $316,000. The property has a cap rate of 4.36% and a gross rent multiplier (GRM) of 15.61.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,580,000
- Market: Silver Lake
- Units: 5
- Cap Rate: 4.36%
- Gross Rent Multiplier (GRM): 15.61
- Square Footage: 3,774
- Price per Square Foot (PPSF): $418.65
- Price per Unit (PPU): $316,000
The deal was facilitated by brokers Jason Tuvia and Arash Pashaei.
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
10.04%
Cash-on-Cash
-2.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93