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Christopher Walker Of Triqor Group Oversees $2.25M Sale Of Los Angeles Multifamily
SOLD
$2,250,000
California
See Similar DealsMultiFamily7,392 SF
Sold 03/26/2024
SOLD
Christopher Walker Of Triqor Group Oversees $2.25M Sale Of Los Angeles Multifamily
1040 South Lake Street
See Similar DealsMultiFamily7,392 SF
Sold 03/26/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$304
Total Square Footage:7,392 SF
Transaction Type:Sale
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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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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