Updated Oct 29, 2024
Charton Family Trust Sells 50% Interest In Multifamily Property On N Alfred St For $2.8M
842 N Alfred St, Los Angeles, CA 90069, USA
$2,800,000
$21/SF
Building Size
130,280 SF
Asset Type
MultiFamily
Closing
Aug 27, 2020
About this deal
AI
The multifamily property located at 842 N Alfred Street has been sold for a total sale price of $2,800,000. The transaction involved the sale of a 50% interest in the property, resulting in a total property value of $5,600,000. The property spans a total of 13,028 square feet and consists of 16 units.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Interest Sold: 50%
- Total Property Value: $5,600,000
- Square Footage: 13,028 SF
- Number of Units: 16
- Seller: Charton Family Trust
- Brokers: Jordan Asheghian, Tony Azzi @The_AzziGroup
The transaction was brokered by Jordan Asheghian and Tony Azzi from The Azzi Group. Their representation facilitated the sale of the 50% interest in the property, showcasing their expertise in the multifamily market.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93