Arash Pashaei & Jason Tuvia Broker Silver Lake Multifamily Sale At $1.58M
SOLD
$1,580,000
California
See Similar DealsMultiFamily3,774 SF
Sold 08/30/2019
SOLD
Arash Pashaei & Jason Tuvia Broker Silver Lake Multifamily Sale At $1.58M
607 North La Fayette Park Place, Los Angeles, CA 90026, USA
See Similar DealsMultiFamily3,774 SF
Sold 08/30/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$418
Total Square Footage:3,774 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,613.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,490.01
Annual Debt Service$89,880.07
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