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6511 Orange Street

Garo Bedrossian Acquires Multifamily Property In Los Angeles From Marie Witzling
SOLDMultiFamily

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

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.

Players

Jordan Asheghian

Lyon Stahl Investment Real Estate

Broker

$257.4M

vol

56 deals

Broker

Garo Bedrossian

Buyer

$3.4M

vol

2 deals

Buyer

Market 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