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
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