Adam Rubin & Andrew Shanfeld Acquire Melrose Place Multifamily For $2.81M From Seller Solica Griffith
929 North Croft Avenue, Los Angeles, CA, USA
$2,810,000
$769/SF
Building Size
3,651 SF
Asset Type
MultiFamily
Closing
Sep 2, 2019
AI
A multifamily property located at 929 N. Croft Avenue in Melrose Place has been sold for $2,810,000. The transaction closed all cash, and the property spans a total of 3,651 square feet, resulting in a price per square foot of $769.65.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,810,000
- Address: 929 N. Croft Avenue
- Market: Melrose Place
The buyers of the property are Adam Rubin and Andrew Shanfeld, while Solica Griffith acted as the seller. The deal was facilitated by Carol Wood Equities.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.65%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93