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
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