Updated Sep 25, 2026
SOLDMultiFamily
Miguel Rivera & Rudy Gomez Acquire Boyle Heights Multifamily Asset From Martha Lecitra & Sandra Castaneda For $650,000
113 South Mathews Street
$650,000
$121/SF
Building Size
5,338 SF
Asset Type
MultiFamily
Closing
Sep 15, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 113 South Mathews Street in Los Angeles. The sale price was $650,000, and the property contains 7 units, with a price per unit of $92,857. It encompasses a total square footage of 5,338, resulting in a price per square foot of $121.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $650,000
- Address: 113 South Mathews Street
- Market: Los Angeles
- Units: 7
- Price Per Unit: $92,857
- Square Feet: 5,338
- Price Per Square Foot: $121
- Buyer: Miguel Rivera & Rudy Gomez
- Seller: Martha Lecitra & Sandra Castaneda
- Buyer's Representative: Cameron Greco & Rick Ramirez - Ally Commercial Real Estate
Cameron Greco and Rick Ramirez represented the buyers in this transaction, facilitating the successful transfer of this multifamily asset. A special acknowledgment was made to Traded LA for their role in connecting the parties involved, which played a significant part in achieving this deal's successful completion.
On the Map
$650,000
$121/SF
MultiFamily
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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
24.40%
Cash-on-Cash
-6.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93