Updated Dec 4, 2024
Scott Tamkin Of Compass Represents Buyer In $2.715M Sale Of Los Angeles Multifamily Property
743 North Occidental Boulevard
$2,715,000
$669/SF
Building Size
4,058 SF
Asset Type
MultiFamily
Closing
Aug 27, 2024
About this deal
AI
The 5-unit apartment building located at 743 North Occidental Boulevard in Los Angeles was sold for $2,715,000. The property spans 4,058 square feet, resulting in a price per unit of $543,000 and a price per square foot of $669. The asset is classified as a multifamily type and is situated in the Silverlake neighborhood.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,715,000
- Number of Units: 5
- Square Footage: 4,058
- Price Per Unit: $543,000
- Price Per Square Foot: $669
- Buyer's Representative: Scott Tamkin - Compass
- Seller's Representative: Adam Zunder - Iconic Investments
Scott Tamkin represented the buyer in this transaction, while Adam Zunder represented the seller, both facilitating the deal in their respective roles within the real estate market of Los Angeles.
On the Map
$2,715,000
$669/SF
MultiFamily
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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
5.84%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93