Silver Lake Multifamily Sold For $1.02M With Brokers Glen Scher, Filip Niculete, Arash Memary
716 Parkman Ave, Silver Lake, Los Angeles, CA, USA
$1,025,000
$469/SF
Building Size
2,184 SF
Asset Type
MultiFamily
Closing
Nov 6, 2019
AI
A multifamily property located at 716 Parkman Ave in Silver Lake was recently sold for $1,025,000. The property has a total square footage of 2,184 and a price per square foot of $469.32. The transaction took place on 11/07/2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
The deal was facilitated by the brokers Glen Scher, Filip Niculete, and Arash Memary from LA Apartment Advisors.
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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93