Updated Dec 4, 2024
Jesse Paster Acquires 37-Unit Multifamily In Los Angeles For $4.1M
732 South Normandie Avenue
$4,100,000
$181/SF
Building Size
22,556 SF
Asset Type
MultiFamily
Closing
Dec 4, 2023
About this deal
AI
A multifamily property located at 732 South Normandie Avenue in Los Angeles has been sold for a price of $4,100,000. The property consists of 37 units, with an average price per unit of $110,811. The total square footage of the property is 22,556, with an average price per square foot of $182.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 37
- Price Per Unit: $110,811
- Square Footage: 22,556
- Price Per Square Foot: $182
The buyer of the property is Jesse Paster, and the seller is Mark Majid. The sale was facilitated by brokers Jakob Friedman, Michael Dixon, and Steven Weiss of NAI Capital.
On the Map
$4,100,000
$181/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93