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Lulu Knowlton & EXP Realty Purchase East Hollywood Multifamily For $3.55M As Buyer's Rep

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SOLD
$3,550,000

California

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MultiFamily8,340 SF
Sold 05/02/2024
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Property Image
SOLD

Lulu Knowlton & EXP Realty Purchase East Hollywood Multifamily For $3.55M As Buyer's Rep

639 North Juanita Avenue

See Similar Deals
MultiFamily8,340 SF
Sold 05/02/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$425
Total Square Footage:8,340 SF
Transaction Type:Sale

639 North Juanita Avenue, a 9-unit apartment building in East Hollywood, was sold for $3,550,000. Constructed in 1990, the property features remodeled units and is not subject to Los Angeles City Rent Control. Situated near trendy retail and dining spots in Silver Lake, it offers potential rental upside and convenient access to major Los Angeles neighborhoods and public transportation.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,550,000
  • Units: 9
  • Price per Unit: $394,444
  • Square Footage: 8,340
  • Price per Square Foot: $426
  • Address: 639 North Juanita Avenue
  • Market: Los Angeles

Lulu Knowlton represented the buyer for this transaction through EXP Realty. On the selling side, Jeffrey Louks and Matt Ziegler from Marcus & Millichap facilitated the deal.

Players

Matt Ziegler
26 deals$190.4M volume(310) 403-3325
BROKER

Jeffrey Louks
Marcus & Millichap
8 deals$49.1M volume(818) 212-2780
BROKER

Lulu Knowlton
EXP Realty
1 deal$3.6M volume(310) 562-7418
BROKER

Details

SOLD
IMAGE: Lulu Knowlton, Jeffrey Louks & Matt Ziegler DATE: 05/02/2024 ADDRESS: 639 North Juanita Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER'S REP: Lulu Knowlton (@Lulurealestatecaagent) - EXP Realty (@ExpRealty_) SELLER'S REP: Jeffrey Louks & Matt Ziegler - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $3,550,000 UNITS: 9 ~ PPU: $394,444 SF: 8,340 ~ PPSF: $426 NOTE: 639 North Juanita Avenue, a 9-unit apartment building in East Hollywood, was sold for $3,550,000. Constructed in 1990, the property features remodeled units and is not subject to Los Angeles City Rent Control. Situated near trendy retail and dining spots in Silver Lake, it offers potential rental upside and convenient access to major Los Angeles neighborhoods and public transportation.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$189,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73