Updated Oct 29, 2024
Fulton Court LLC Sells Valley Glen Multifamily To Fulton Ventures LLC For $2.4M
6225 Fulton Ave, Valley Glen, CA, USA
$2,400,000
$282/SF
Building Size
8,509 SF
Asset Type
MultiFamily
Closing
Jul 22, 2019
About this deal
AI
The multifamily property located at 6225 Fulton Ave in Valley Glen has been sold. The property, with a total square footage of 8,509, was sold for a price of $2,400,000, resulting in a price per square foot of $282.05. The transaction took place on July 23, 2019. The buyer, Fulton Ventures LLC, acquired the property from the seller, Fulton Court LLC.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Square Footage: 8,509
- Price per Square Foot: $282.05
- Market: Valley Glen
Representing the deal were brokers Michael Tootikian, Tony Boyajian, and Edan Gross.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93