Sunny Narang Acquires SFR In Los Angeles For $1.3M
SOLD
$1,300,000
California
See Similar DealsSingle Family Residence2,016 SF
Sold 12/04/2020
SOLD
Sunny Narang Acquires SFR In Los Angeles For $1.3M
1417 Armadale Ave, Los Angeles, CA, USA
See Similar DealsSingle Family Residence2,016 SF
Sold 12/04/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$644
Total Square Footage:2,016 SF
Transaction Type:Sale
Located in Los Angeles, the property at 1417 Armadale Ave was recently sold in a closed transaction. The single-family residence (SFR) boasts a total living area of 2,016 square feet. The transaction took place on 12/04/2020 and was facilitated by buyer's representative Sunny Narang from Brad Korb Real Estate Group - Brokers Trust Real Estate Group and seller's representative Brian Fitzburgh from Fitzburgh Realty.
Summary of Transaction Details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $1,300,000
- Asking Price: $1,140,000
- Price per Square Foot (PPSF): $644.84
The sale price for the property was $1,300,000. The buyer's representative, Sunny Narang from Brad Korb Real Estate Group - Brokers Trust Real Estate Group, and the seller's representative, Brian Fitzburgh from Fitzburgh Realty, played instrumental roles in the transaction. The market value of the property is appreciated in the bustling Los Angeles market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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