Andres Diaz And Daniel Shon Broker Multifamily Sale In Echo Park For $1.855M
1330 Liberty Street, Los Angeles, CA 90026, USA
$1,855,000
$314/SF
Building Size
5,894 SF
Asset Type
MultiFamily
Closing
Mar 25, 2019
AI
A multifamily property in Echo Park, located at 1330 Liberty St, has been sold for $1,855,000. The property spans 5,894 square feet and has a price per square foot of $314. The transaction took place on 03/26/2019 and the property has a capitalization rate of 2.75% and a gross rent multiplier of 18.18.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,855,000
- Address: 1330 Liberty St
- Market: Echo Park
- Square Footage: 5,894
- Price per Square Foot: $314
- Capitalization Rate: 2.75%
- Gross Rent Multiplier: 18.18
The sale of this property was facilitated by brokers Andres Diaz and Daniel Shon.
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
8.55%
Cash-on-Cash
-2.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93