Transwestern Represents Buyer In Sale Of Echo Park Multifamily Building
1330 Portia Street, Los Angeles, CA 90026, USA
$1,750,000
$346/SF
Building Size
5,046 SF
Asset Type
MultiFamily
Closing
Dec 26, 2019
AI
An 8-unit multifamily building located at 1330 Portia St in Echo Park has been sold for $1,750,000. The property spans 5,046 square feet and has a price per square foot of $346.81. It offers significant rental upside for the new owner.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Square Footage: 5,046
- Price Per Square Foot: $346.81
- Address: 1330 Portia St, Echo Park
Transwestern represented the buyer in this sale. The deal was facilitated by brokers Josh Kaplan, John Swartz, and Troy Lucero from Transwestern. For more information about this transaction, or to inquire about the current market pricing of your investment property, reach out to Transwestern on Instagram.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93