facebook
Traded Co logo
Submit

Vijay And Kusum Narayan Acquire Silver Lake Multifamily For $2.825M

Property Image
SOLD
$2,825,000

California

See Similar Deals
MultiFamily3,694 SF
Sold 04/13/2022
the dealplayerscompscontact
Property Image
SOLD

Vijay And Kusum Narayan Acquire Silver Lake Multifamily For $2.825M

619 La Fayette Park Place, Los Angeles, California 90026, United States

See Similar Deals
MultiFamily3,694 SF
Sold 04/13/2022
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$764
Total Square Footage:3,694 SF
Transaction Type:Sale

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

Will Tiao
10 deals$28.2M volume
BROKER

Zachary Blum
Keller Williams Realty
3 deals$7.7M volume
BROKER

Eshwin Narayan
Keller Williams Realty
1 deal$2.8M volume
BROKER

Details

SOLD
IMAGE: Will Tiao, Eshwin Narayan & Zachary Blum DATE: 04/13/2022 ADDRESS: 619 N. La Fayette Park Pl. MARKET: Silver Lake ASSET TYPE: Multifamily BUYER: Vijay Narayan & Kusum Narayan SELLER: John Albanis BROKERS: Will Tiao - Tiao Properties (@TiaoProperties), Eshwin Narayan (@EshNarayan) & Zachary Blum (Broker_Builder) (Top_Team_KW) - Keller Williams Beverly Hills (@KWofBeverlyHills) SALE PRICE: $2,825,000 UNITS: 6 ~ PPU: $470,833 SF: 3,694 ~ PPSF: $764

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$150,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29