Updated Dec 21, 2023
Pacific Partners Real Estate Investments Acquires Multifamily Property In Echo Park For $3.4M
1039 North Bonnie Brae Street, Los Angeles, CA 90026
$3,400,000
$340/SF
Building Size
9,983 SF
Asset Type
MultiFamily
Closing
May 5, 2020
About this deal
AI
An multifamily property located at 1039 N. Bonnie Brae St. in Echo Park has been sold for a total price of $3,400,000. The property consists of 29 units, with a price per unit of $117,000. The total square footage of the property is 9,983, and the price per square foot is $340.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Address: 1039 N. Bonnie Brae St.
- Market: Echo Park
- Units: 29
- Price Per Unit: $117,000
- Square Footage: 9,983
- Price Per Square Foot: $340
Pacific Partners Real Estate Investments, represented by Zac Freehling and Max Lund, along with Sean Rosenzweig from Marcus & Millichap, were the brokers involved in the sale of this property.
On the Map
$3,400,000
$340/SF
MultiFamily
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Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93