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639 North Juanita Avenue

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

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

Matt Ziegler

Marcus & Millichap

Broker

$190.4M

vol

26 deals

Broker

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

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93