Andres Diaz And Daniel Shon Acquire Multifamily Property In Echo Park For $1.9M
1120 Logan Street, Los Angeles, CA 90026, USA
$1,910,000
$388/SF
Building Size
4,912 SF
Asset Type
MultiFamily
Closing
Mar 25, 2019
AI
An multifamily property located at 1120 Logan Street in Echo Park was recently sold for $1,910,000. The property spans 4,912 square feet and has a price per square foot (PPSF) of $388. The sale resulted in a cap rate of 2.27% and a gross rent multiplier (GRM) of 20.79.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,910,000
- Address: 1120 Logan Street
- Market: Echo Park
The transaction was facilitated by Andres Diaz from @diaz.andres and Daniel Shon from @danielshon representing the ingSideGroup.
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
8.31%
Cash-on-Cash
-2.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93