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Andres Diaz And Daniel Shon Broker Multifamily Sale In Echo Park For $1.855M

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SOLD
$1,855,000

California

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MultiFamily5,894 SF
Sold 03/26/2019
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Property Image
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 Deals
MultiFamily5,894 SF
Sold 03/26/2019
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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.

Players

Andres Diaz
16 deals$55.6M volume(323) 376-2469
BROKER

Daniel Shon
11 deals$32.7M volume
BROKER

Details

SOLD
IMAGE: Andres Diaz and Daniel Shon DATE: 03/26/2019 ADDRESS: 1330 Liberty St MARKET: Echo Park ASSET TYPE: Multifamily PRICE: $1,855,000 SF: 5,894 PPSF: $314 CAP: 2.75% GRM: 18.18 BROKERS: Andres Diaz, Daniel Shon

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Deal Type
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