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Elie Laskar Acquires Multifamily Property In Watts, Los Angeles For $3.4M

Property Image
SOLD
$3,400,000
Brandon Evans
EL

California

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MultiFamily13,280 SF
Sold 05/31/2023
the dealplayerscompscontact
Property Image
SOLD

Elie Laskar Acquires Multifamily Property In Watts, Los Angeles For $3.4M

1635 E Imperial Hwy, Los Angeles, CA 90059

See Similar Deals
MultiFamily13,280 SF
Sold 05/31/2023
Brandon Evans
EL
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:13,280 SF
Transaction Type:Sale

The multifamily property located at 1635-1643 E Imperial Hwy & 1624-1628 E 115th St in Watts, Los Angeles has been sold for a price of $3,400,000. The property consists of 18 units with a price per unit of $188,889. It has a total square footage of 13,280 and the price per square foot is $256.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,400,000
  • Units: 18
  • Price per Unit: $188,889
  • Square Footage: 13,280
  • Price per Square Foot: $256
  • Market: Watts, Los Angeles

The buyer of the property is Elie Laskar, while the seller is Joe El Rady. The deal was facilitated by Brandon Evans from Rosano Capital Partners.

Players

Brandon Evans
Lyon Stahl Investment Real Estate
Brandon Evans
18 deals$57.1M volume(805) 814-9070
BROKER
EL
Elie Laskar
2 deals$18.6M volume
BUYER

Details

SOLD
IMAGE: Brandon Evans DATE: 05/31/2023 ADDRESS: 1635-1643 E Imperial Hwy & 1624-1628 E 115th St MARKET: Watts, Los Angeles ASSET TYPE: Multifamily BUYER: Elie Laskar SELLER: Joe El Rady BROKER: Brandon Evans (@Brandonmichaelevans) - Rosano Capital Partners (@RosanoPartners) SALE PRICE: $3,400,000 UNITS: 18 ~ PPU: $188,889 SF: 13,280 ~ PPSF: $256

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82