Updated Sep 9, 2024
Bryan Glenn Acquires Echo Park Multifamily For $1.4M
1491 Scott Avenue, Los Angeles, CA 90026, USA
$1,425,000
$323/SF
Building Size
4,410 SF
Asset Type
MultiFamily
Closing
Apr 22, 2019
About this deal
AI
A multifamily property located at 1491 Scott Avenue in Echo Park has been sold for a price of $1,425,000. The property spans a total of 4,410 square feet and is valued at $323 per square foot.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Address: 1491 Scott Avenue
- Market: Echo Park
The sale was facilitated by Bryan Glenn, a broker from an undisclosed agency.
The multifamily sale at 1491 Scott Avenue, Los Angeles, CA 90026, USA in Los Angeles, California sold for $1.4M in 2019. The building is 4,410 square feet, implying about 323 per square foot on the published price. Bryan Glenn, Kidder Mathews appear on the sale alongside Kidder Mathews. This page is the Los Angeles, California file for the 1491 Scott Avenue, Los Angeles, CA 90026, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 1491 Scott Avenue, Los Angeles, CA 90026, USA around 2019. Published consideration for 1491 Scott Avenue, Los Angeles, CA 90026, USA is $1.4M, dated 2019. Cite this Bryan Glenn Acquires Echo Park Multifamily For $1.4M sale when underwriting similar multifamily product around Los Angeles, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93