Park Ave Apartments LLC Acquires Multifamily Property On Echo Park For $8.1M
SOLD
$8,100,000
California
See Similar DealsMultiFamily19,114 SF
Sold 07/17/2019
SOLD
Park Ave Apartments LLC Acquires Multifamily Property On Echo Park For $8.1M
1717 Park Avenue, Los Angeles, CA, USA
See Similar DealsMultiFamily19,114 SF
Sold 07/17/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$423
Total Square Footage:19,114 SF
Transaction Type:Sale
The multifamily property located at 1717-1725 Park Ave in Echo Park has been sold. The property, consisting of 19,114 square feet, was sold for a price of $8,100,000, resulting in a price per square foot of $423.77. The transaction took place on July 17, 2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,100,000
- Address: 1717-1725 Park Ave
- Market: Echo Park
Park Ave Apartments LLC purchased the property from Park 36 LLC. The sale was facilitated by brokers Sevak Keshishian and Tadeh Minassian.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59
Is there something missing? Send suggestions