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VF Developments Acquires Multifamily Property In Boyle Heights For $1M With Broker Daniel Baril

Property Image
SOLD
$1,000,000

California

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MultiFamily4,051 SF
Sold 11/15/2019
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Property Image
SOLD

VF Developments Acquires Multifamily Property In Boyle Heights For $1M With Broker Daniel Baril

1023 Tremont Street, Central LA, Los Angeles, CA, USA

See Similar Deals
MultiFamily4,051 SF
Sold 11/15/2019
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$246
Total Square Footage:4,051 SF
Transaction Type:Sale

A multifamily property located at 1023 Tremont St in Boyle Heights has been sold for a price of $1,000,000. The property spans across 4,051 square feet and has a price per square foot of $246. It consists of 5 units, resulting in a price per unit of $200,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Square Footage: 4,051
  • Price Per Square Foot: $246
  • Number of Units: 5
  • Price Per Unit: $200,000

The buyer of the property is VF Developments, while the seller is Manuel D Reyes. The deal was facilitated by Daniel Baril from Iconic Investments, who represented both the buyer and the seller. The listing attracted numerous competitive offers, showcasing the appeal of the property in the market.

Players

Daniel Baril
Daniel Baril
1 deal$1M volume
BROKER

Details

SOLD
IMAGE: Daniel Baril @danielbaril2 DATE: 11/15/2019 ADDRESS: 1023 Tremont St MARKET: Boyle Heights ASSET TYPE: Multifamily PRICE: $1,000,000 SF: 4,051 PPSF: $246 UNITS: 5 PPU: $200,000 BUYER: VF Developments SELLER: Manuel D Reyes BROKERS: Daniel Baril - Iconic Investments NOTES: Listing produced over a dozen competitive offers. Iconic Investments represented both the buyer and seller.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,552.80
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