Martha Neri & William Neri Of Neri Real Estate Group Represent Buyer Pedro Avila In Downey Sale For $1.075M
12550 Brookshire Avenue
$1,075,000
$517/SF
Building Size
2,078 SF
Asset Type
MultiFamily
Closing
Jul 31, 2024
AI
This multifamily property, located at 12550 Brookshire Avenue in Downey, features 2 units and encompasses a total of 2,078 square feet. The asset was acquired for $1,075,000, translating to a price per unit of $537,500 and a price per square foot of $517.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 2
- Price Per Unit: $537,500
- Square Footage: 2,078
- Price Per Square Foot: $517
- Address: 12550 Brookshire Avenue
- Market: Downey
- Seller: Pedro Avila
- Buyer's Representative: Martha Neri & William Neri - Neri Real Estate Group
Bill and Martha Neri of The Neri Real Estate Group successfully concluded a multi-year project for a local, established non-profit client across the Los Angeles County Cities and Inland Empire Metro Areas. The transaction involved a duplex property that sits on a land parcel of 5,249 square feet.
Players
Downey 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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93