Updated Oct 16, 2026
GI Property 74 LLC Acquires Multifamily Asset In Los Angeles For $2,000,000 With Broker Troy Lucero And Josh Kaplan
620-624 N Ardmore Ave
$2,000,000
$146/SF
Building Size
13,652 SF
Asset Type
MultiFamily
Closing
Feb 21, 2024
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 620-624 N Ardmore Ave in Los Angeles, CA. The total square footage of the property is 13,652, and it was sold for a transaction amount of $2,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,000,000.00
- Address: 620-624 N Ardmore Ave
- Market: Los Angeles, CA
- Asset Size: 13,652 SF
- Buyer: GI PROPERTY 74 LLC
- Brokers: Troy Lucero - Transwestern and Josh Kaplan - Transwestern
The transaction was facilitated by brokers Troy Lucero and Josh Kaplan, both representing Transwestern. The involvement of these brokers provided expertise and support throughout the negotiation process, leading to the successful acquisition by the buyer, GI PROPERTY 74 LLC.
On the Map
$2,000,000
$146/SF
MultiFamily
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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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93