facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

1137 12th St

Harry Rousos Purchases MultiFamily Asset At 1137 12th St From Aaron Lujan For $5.65M
SOLDMultiFamily

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

Chase Simonton

Re/Max

Broker

$142.5M

vol

45 deals

Broker

Harry Rousos

Buyer
Buyer

Aaron Lujan

Seller

$2.9M

vol

1 deal

Seller

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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