Michael Maltzman Acquires 9-Unit Multifamily Property In Virgil Village For $2.9M
639 North Juanita Avenue, Los Angeles, California 90004, United States
$2,875,000
$344/SF
Building Size
8,340 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
AI
A multifamily property located at 639 N. Juanita in Virgil Village has been sold in a recent transaction. The property consists of 9 units with a total square footage of 8,340. The sale price for this transaction was $2,875,000, resulting in a price per unit of $319,444 and a price per square foot of $344. The transaction took place on 12/17/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,875,000
- Address: 639 N. Juanita, Virgil Village
- Units: 9
- Price per Unit: $319,444
- Square Footage: 8,340
- Price per Square Foot: $344
- Date: 12/17/2021
The buyer in this transaction was Michael Maltzman, while the seller was Michael Rosengarten. The deal was facilitated by Matt Ziegler from Marcus & Millichap acting as the broker.
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
5.52%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93