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619 La Fayette Park Place, ...

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

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

Will Tiao

The Collective Realty

Broker

$28.2M

vol

10 deals

Broker

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