Michael Maltzman Acquires 9-Unit Multifamily Property In Virgil Village For $2.9M
SOLD
$2,875,000
California
See Similar DealsMultiFamily8,340 SF
Sold 12/17/2021
SOLD
Michael Maltzman Acquires 9-Unit Multifamily Property In Virgil Village For $2.9M
639 North Juanita Avenue, Los Angeles, California 90004, United States
See Similar DealsMultiFamily8,340 SF
Sold 12/17/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:8,340 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$153,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,214.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,628.97
Annual Debt Service$163,547.60
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