facebook
Traded Co logo
Submit

Pacific Partners Real Estate Investments Acquires Multifamily Property In Echo Park For $3.4M

Property Image
SOLD
$3,400,000
Max Lund
Zac Freehling
Sean Rosenzweig

California

See Similar Deals
MultiFamily9,983 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Pacific Partners Real Estate Investments Acquires Multifamily Property In Echo Park For $3.4M

1039 North Bonnie Brae Street, Los Angeles, CA 90026

See Similar Deals
MultiFamily9,983 SF
Sold
Max Lund
Zac Freehling
Sean Rosenzweig
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$340
Total Square Footage:9983 SF
Transaction Type:Sale

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

Sean Rosenzweig
Marcus & Millichap
Sean Rosenzweig
14 deals$99.4M volume
BROKER
Zac Freehling
Pacific Partners Real Estate Investments
Zac Freehling
60 deals$235.9M volume
BROKER
Max Lund
Max Lund
1 deal$3.4M volume
BROKER

Details

SOLD
IMAGE: Zac Freehling, Max Lund & Sean Rosenzweig DATE: 05/05/2021 ADDRESS: 1039 N. Bonnie Brae St. MARKET: Echo Park ASSET TYPE: Multifamily BROKERS: Pacific Partners Real Estate Investments - Zac Freehling & Max Lund; Sean Rosenzweig - Marcus & Millichap SALE PRICE: $3,400,000 UNITS: 29 ~ PPU: $117,000 SF: 9,983 ~ PPSF: $340

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82