CBRE Acquires Los Feliz Apartment Complex In $17.6M Deal
Los Feliz Palms, 1917 Rodney Drive, Los Angeles, CA, USA
$17,580,000
$328/SF
Building Size
53,487 SF
Asset Type
Other
Closing
Dec 26, 2018
AI
A 54-unit apartment complex located at 1917 Rodney in Los Feliz has been sold for $17,580,000. The transaction took place on December 27, 2018. The property, represented by Priscilla Nee from CBRE, was listed on Instagram by Priscilla Nee.
Summary of transaction details
- Property Type: Apartment Complex
- Transaction Amount: $17,580,000
- Units: 54
- Price Per Unit: $325,555
- Market: Los Feliz
- Broker: Priscilla Nee - CBRE
The 54-unit apartment complex on 1917 Rodney in Los Feliz was successfully sold for $17,580,000 through the representation of Priscilla Nee from CBRE. This transaction marks a significant sale in the Los Feliz market and demonstrates the potential of the apartment complex asset type in this area.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93