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1635 E Imperial Hwy, Los An...

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

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

1635 E Imperial Hwy, Los Angeles, CA 90059

$3,400,000

$256/SF

Building Size

13,280 SF

Asset Type

MultiFamily

Closing

May 31, 2023

AI

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

Broker

$57.1M

vol

18 deals

Broker

Elie Laskar

Buyer

$18.6M

vol

2 deals

Buyer

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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93