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639 North Juanita Avenue, L...

Michael Maltzman Acquires 9-Unit Multifamily Property In Virgil Village For $2.9M
SOLDMultiFamily

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

Matt Ziegler

Marcus & Millichap

Broker

$190.4M

vol

26 deals

Broker

Michael Maltzman

Tower Lane Capital

Buyer

$44.6M

vol

9 deals

Buyer

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