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
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