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1626 North Fuller Avenue, L...

Gina Watts Acquires Multifamily Property On N. Fuller Avenue In Los Angeles For $5.55M
SOLDMultiFamily

Gina Watts Acquires Multifamily Property On N. Fuller Avenue In Los Angeles For $5.55M

1626 North Fuller Avenue, Los Angeles, CA 90046

$5,550,000

$442/SF

Building Size

12,540 SF

Asset Type

MultiFamily

Closing

Jan 21, 2022

AI

The multifamily property located at 1626 N. Fuller Avenue in Los Angeles has been sold for a price of $5,550,000. The deal was closed on 01/21/2022, with a total of 12 units in the building. The price per unit comes out to be $462,500. The property spans an area of 12,540 square feet, resulting in a price per square foot of $442. The transaction was facilitated by Kenny Stevens from Compass.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,550,000
  • Address: 1626 N. Fuller Avenue, Los Angeles
  • Market: Los Angeles
  • Units: 12
  • Price per Unit: $462,500
  • Total Square Footage: 12,540
  • Price per Square Foot: $442

Gina Watts was the buyer in this transaction, while Dominick Waters acted as the seller. Kenny Stevens from Compass served as the broker representing the parties involved in the deal.

Players

Kenny Stevens

Compass

Broker

$141.3M

vol

20 deals

Broker

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

2.86%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93