SOLD
1038 South Walker Avenue
1038 South Walker Avenue
See Similar DealsMultiFamily6,590 SF
Sold 10/10/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$292
Total Square Footage:6,590 SF
Transaction Type:Sale
The multifamily property located at 1038 South Walker Avenue in the San Pedro market was sold for $1,925,000. The asset comprises 7 units, with a price per unit of $275,000 and a total square footage of 6,590, resulting in a price per square foot of $292.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,925,000
- Units: 7
- Price Per Unit: $275,000
- Square Footage: 6,590
- Price Per Square Foot: $292
- Buyer: James Min Zhu & Ichun Liu
- Seller: Margaret Ann Sahroian
- Broker Representatives: Cameron Samimi & Olga Wright - Lyon Stahl Investment Real Estate
Cameron Samimi and Olga Wright served as the brokers for this transaction, representing the seller, Margaret Ann Sahroian, as the deal was finalized on 10/10/2025.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,839.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,125.48
Annual Debt Service$109,505.79
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