Andres Diaz And Daniel Shon Acquire Multifamily Property In Echo Park For $1.9M
SOLD
$1,910,000
California
See Similar DealsMultiFamily4,912 SF
Sold 03/26/2019
SOLD
Andres Diaz And Daniel Shon Acquire Multifamily Property In Echo Park For $1.9M
1120 Logan Street, Los Angeles, CA 90026, USA
See Similar DealsMultiFamily4,912 SF
Sold 03/26/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$388
Total Square Footage:4,912 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,785.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,054.37
Annual Debt Service$108,652.49
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