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
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