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12550 Brookshire Avenue

Martha Neri & William Neri Of Neri Real Estate Group Represent Buyer Pedro Avila In Downey Sale For $1.075M
SOLDMultiFamily

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

William Neri

Neri Real Estate Group

Broker

$13M

vol

3 deals

Broker

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