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716 Parkman Ave, Silver Lak...

Updated Dec 18, 2023

Bilt advertisement
Silver Lake Multifamily Sold For $1.02M With Brokers Glen Scher, Filip Niculete, Arash Memary
SOLDMultiFamily

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

About this deal

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.

The multifamily sale at 716 Parkman Ave, Silver Lake, Los Angeles, CA, USA in Los Angeles, California sold for $1M in 2019. The building is 2,184 square feet, implying about 469 per square foot on the published price. Glen Scher, Arash Memary, Filip Niculete, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Los Angeles, California file for the 716 Parkman Ave, Silver Lake, Los Angeles, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 716 Parkman Ave, Silver Lake, Los Angeles, CA, USA around 2019. Published consideration for 716 Parkman Ave, Silver Lake, Los Angeles, CA, USA is $1M, dated 2019. Cite this Silver Lake Multifamily Sold For $1.02M With Brokers Glen Scher, Filip Niculete, Arash Memary sale when underwriting similar multifamily product around Los Angeles, California.

Players

Filip Niculete

Marcus & Millichap

Broker

$804.7M

vol

205 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $469 per square foot on a published $1M for 2,184 square feet (2019).

Visit Glen Scher to view all their deals.

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

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