Andres Diaz And Daniel Shon Broker Multifamily Sale In Echo Park For $1.855M
SOLD
California
See Similar DealsMultiFamily5,894 SF
Sold 03/26/2019
SOLD
Andres Diaz And Daniel Shon Broker Multifamily Sale In Echo Park For $1.855M
1330 Liberty Street, Los Angeles, CA 90026, USA
See Similar DealsMultiFamily5,894 SF
Sold 03/26/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$314
Total Square Footage:5,894 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,590.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,793.65
Annual Debt Service$105,523.76
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