Lulu Knowlton & EXP Realty Purchase East Hollywood Multifamily For $3.55M As Buyer's Rep
639 North Juanita Avenue
$3,550,000
$425/SF
Building Size
8,340 SF
Asset Type
MultiFamily
Closing
May 2, 2024
AI
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
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93