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731 North Normandie Avenue

Randy Sarmiento Acquires Multifamily Property In Los Angeles For $855K
SOLDMultiFamily

Randy Sarmiento Acquires Multifamily Property In Los Angeles For $855K

731 North Normandie Avenue

$855,000

$458/SF

Building Size

1,865 SF

Asset Type

MultiFamily

Closing

Apr 5, 2024

AI

The multifamily property located at 731 North Normandie Avenue in Los Angeles was sold for $855,000. This property consists of 3 units spanning 1,865 square feet, resulting in a price per unit of $285,000 and a price per square foot of $458.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $855,000
  • Units: 3
  • Price Per Unit: $285,000
  • Square Footage: 1,865
  • Address: 731 North Normandie Avenue, Los Angeles

Randy Sarmiento acquired the property from Jose Chavez in this transaction. Kirk Garibian from Berkshire Hathaway Homeservices California Properties represented Randy Sarmiento as the buyer's agent. On the selling side, Yana Vlady from Marcus & Millichap and Nicole Lu from Maher Commercial Realty represented Jose Chavez in the deal.

Players

Yana Vlady

Marcus & Millichap

Broker

$58.7M

vol

12 deals

Broker

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

18.55%

Cash-on-Cash

-5.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93