Harry Rousos Purchases MultiFamily Asset At 1137 12th St From Aaron Lujan For $5.65M
1137 12th St
$5,650,000
$543/SF
Building Size
10,396 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
AI
The transaction involved a MultiFamily property located at 1137 12th St in the Los Angeles market. It was sold for $5,650,000.00 and encompasses a total area of 10,396 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,650,000.00
- Address: 1137 12th St
- Market: Los Angeles
- Square Footage: 10,396.0
- Buyer: Harry Rousos
- Seller: Aaron Lujan
- Brokers: Chase Simonton (Re/Max), Andrew Wong (Re/Max)
Harry Rousos acquired the property, while Aaron Lujan was the seller. The deal was facilitated by brokers Chase Simonton and Andrew Wong, both representing Re/Max in the transaction.
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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93