Updated Mar 11, 2025
CIT Bank Refinances Multifamily Property At 1201-1211 E 28th St In Los Angeles For $1.7M
1201 East 28th Street, Los Angeles, CA 90011
$1,700,000
$132/SF
Building Size
12,856 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
About this deal
AI
The multifamily property located at 1201-1211 East 28th Street in Los Angeles has recently undergone a refinancing transaction. The property spans approximately 12,856 square feet and consists of 12 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 1201-1211 East 28th Street, Los Angeles
- Market: Los Angeles
- Asset Type: Multifamily
- Square Footage: 12,856
- Units: 12
The refinancing loan for this property was provided by CIT Bank. Representing the transaction on behalf of the borrower and lender, John Libretti from Progress Capital served as the broker.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93