Vijay And Kusum Narayan Acquire Silver Lake Multifamily For $2.825M
619 La Fayette Park Place, Los Angeles, California 90026, United States
$2,825,000
$764/SF
Building Size
3,694 SF
Asset Type
MultiFamily
Closing
Apr 12, 2022
AI
A multifamily property located at 619 N. La Fayette Park Pl. in the Silver Lake market has been sold for a total price of $2,825,000. The property consists of 6 units with a unit price of $470,833. It spans approximately 3,694 square feet, resulting in a price per square foot of $764.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,825,000
- Units: 6
- Price Per Unit: $470,833
- Square Feet: 3,694
- Price Per Square Foot: $764
- Address: 619 N. La Fayette Park Pl.
- Market: Silver Lake
The property was purchased by Vijay Narayan and Kusum Narayan from John Albanis. The buyer's representative in the deal was Will Tiao from Tiao Properties, while Eshwin Narayan and Zachary Blum (Broker_Builder, Top_Team_KW) from Keller Williams Beverly Hills represented the sellers.
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
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93