Updated Oct 29, 2024
Terrance Anderson Trust Sells 20-Unit Multifamily In Echo Park For $2.7M
1443 North Alvarado Street, Echo Park, Los Angeles, CA, USA
$2,700,000
$234/SF
Building Size
11,520 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
The multifamily property located at 1443 N. Alvarado Street in Echo Park, was recently sold for $2,700,000. The property consists of 20 units with a price per unit of $135,000. It has a total square footage of 11,520, resulting in a price per square foot of $234. The seller of the property was The Terrance Anderson Trust.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Market: Echo Park
- Units: 20
- Price per Unit: $135,000
- Square Footage: 11,520
- Price per Square Foot: $234
- CAP Rate: 6%
The transaction was facilitated by Yitzy Pearson from Pearson Real Estate Group, acting as the broker representing The Terrance Anderson Trust.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93