Taksa Investment Group Acquires Multifamily Property In Echo Park For $5.9M
1615 Park Avenue, Los Angeles, CA 90026, USA
$5,900,000
$467/SF
Building Size
12,630 SF
Asset Type
MultiFamily
Closing
Mar 19, 2020
AI
A multifamily property located at 1615 Park Avenue in Echo Park has been sold for $5,900,000. The property spans across 12,630 square feet and consists of 17 units, resulting in a price per square foot of $467.14. The transaction took place on March 20, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Address: 1615 Park Avenue
- Market: Echo Park
- Square Footage: 12,630
- Price per Square Foot: $467.14
- Number of Units: 17
The sale was facilitated by Jonathan Taksa from Taksa Investment Group and Andres Diaz from Keller Williams.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93