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
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
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93