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
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