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
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.
Players
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