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Will Tiao Sells 30 Unit SRO Multifamily In Boyle Heights For $3.15M

Property Image
SOLD
$3,150,000

California

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MultiFamily8,430 SF
Sold 09/25/2020
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Property Image
SOLD

Will Tiao Sells 30 Unit SRO Multifamily In Boyle Heights For $3.15M

127 S Boyle Ave, Los Angeles, CA 90033, USA

See Similar Deals
MultiFamily8,430 SF
Sold 09/25/2020
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:8,430 SF
Transaction Type:Sale

A 30-unit Single Room Occupancy (SRO) property located in the heart of Boyle Heights, in the Boyle Heights market, has been sold for $3,150,000. The property is situated at 127 S Boyle Avenue and offers a total square footage of 8,430. The price per square foot (PPSF) for this transaction was $373.67. The property consists of 30 units, with an average price per unit (PPU) of $105,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,150,000
  • Square Footage: 8,430
  • Price Per Square Foot (PPSF): $373.67
  • Number of Units: 30
  • Price Per Unit (PPU): $105,000

The transaction was brokered by Will Tiao from Tiao Properties.

It is worth noting that 25 out of the 30 units were delivered vacant at the time of the sale. The property attracted multiple offers and was sold $155,000 above its listed price.

Players

Will Tiao
The Collective Realty
Will Tiao
10 deals$28.2M volume
BROKER

Details

SOLD
IMAGE: IMAGE: Will Tiao DATE: 09/25/2020 ADDRESS: 127 S Boyle Avenue MARKET: Boyle Heights ASSET TYPE: Multifamily PRICE: $3,150,000 SF: 8,430 / PPSF: $373.67 UNITS: 30 / PPU: $105,000 BROKER: Will Tiao @TiaoProperties NOTES: 30 Unit SRO in heart of Boyle Heights. 25 units delivered vacant. Property had multiple offers and sold $155K above list […]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$11,191.28
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