SOLDMultiFamily
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
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.
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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93