Updated Oct 25, 2024
Garo Bedrossian Acquires Multifamily Property In Los Angeles From Marie Witzling
6511 Orange Street
$2,128,000
$408/SF
Building Size
5,216 SF
Asset Type
MultiFamily
Closing
Mar 23, 2023
About this deal
AI
A multifamily property located at 6511 Orange Street in Los Angeles has been sold for $2,128,000. The property consists of 4 units, resulting in a price per unit (PPU) of $532,000. The total square footage of the property is 5,216, with a price per square foot (PPSF) of $408.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,128,000
- Address: 6511 Orange Street
- Market: Los Angeles
- Units: 4
- PPU: $532,000
- Square Footage: 5,216
- PPSF: $408
The buyer of the property is Garo Bedrossian, while the seller is Marie Witzling. Raffi Soualian, representing JohnHart Real Estate, acted as the buyer's representative in the transaction. On the other hand, Tony Azzi and Jordan Asheghian, from Marcus & Millichap, represented the seller.
On the Map
$2,128,000
$408/SF
MultiFamily
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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
7.45%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93