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1040 South Lake Street

Updated Dec 4, 2024

Bilt advertisement
Christopher Walker Of Triqor Group Oversees $2.25M Sale Of Los Angeles Multifamily
SOLDMultiFamily

Christopher Walker Of Triqor Group Oversees $2.25M Sale Of Los Angeles Multifamily

1040 South Lake Street

$2,250,000

$304/SF

Building Size

7,392 SF

Asset Type

MultiFamily

Closing

Mar 26, 2024

About this deal

AI

The multifamily property located at 1040 South Lake Street in Los Angeles was recently sold for $2,250,000. The property spans 7,392 square feet, resulting in a price per square foot of $304.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Address: 1040 South Lake Street
  • Market: Los Angeles
  • Broker: Christopher Walker - Triqor Group

Christopher Walker from Triqor Group was the broker overseeing the successful transaction of the multifamily property. The sale was finalized on 03/26/2024, marking a significant deal in the Los Angeles real estate market.

Players

Christopher Walker

Triqor Group

Broker

$4.8M

vol

2 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $304 per square foot on a published $2.3M for 7,392 square feet (2024).

Visit Christopher (Chris) Walker to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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