Silver Lake Multifamily Sold For $1.02M With Brokers Glen Scher, Filip Niculete, Arash Memary
SOLD
$1,025,000
California
See Similar DealsMultiFamily2,184 SF
Sold 11/07/2019
SOLD
Silver Lake Multifamily Sold For $1.02M With Brokers Glen Scher, Filip Niculete, Arash Memary
716 Parkman Ave, Silver Lake, Los Angeles, CA, USA
See Similar DealsMultiFamily2,184 SF
Sold 11/07/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$469
Total Square Footage:2,184 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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