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1040 South Lake Street

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

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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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