Updated Dec 4, 2024
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.
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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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93