Earle Hyman And Benjamin Lewin Sell Mid-City Multifamily For $1.6M In Los Angeles
1632 6th Ave, Central LA, Los Angeles, CA, USA
$1,625,000
$18/SF
Building Size
86,880 SF
Asset Type
MultiFamily
Closing
May 9, 2019
AI
The multifamily property located at 1632 6th Ave in Mid-City has been sold for a price of $1,625,000. The property spans an area of 6,880 square feet, resulting in a price per square foot of $236. The transaction included 8 units, with each unit costing $203,125.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Address: 1632 6th Ave
- Market: Mid-City
The sale of this multifamily property was facilitated by Earle Hyman and Benjamin Lewin, both representing their respective broker agencies. Earle Hyman from LA Apartment Specialist and Benjamin Lewin were the brokers involved in the transaction.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93