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1724 El Cerrito Pl

Keishi Ando Purchases MultiFamily At 1724 El Cerrito Pl From Anthony Diamond For $2.945M
SOLDMultiFamily

Keishi Ando Purchases MultiFamily At 1724 El Cerrito Pl From Anthony Diamond For $2.945M

1724 El Cerrito Pl

$2,945,000

$572/SF

Building Size

5,148 SF

Asset Type

MultiFamily

Closing

Aug 1, 2022

AI

The property involved in the transaction is a multi-family asset located at 1724 El Cerrito Pl in Los Angeles. The sale was completed for a total price of $2,945,000.00, with a total square footage of 5,148.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,945,000.00
  • Address: 1724 El Cerrito Pl
  • Market: Los Angeles
  • Square Footage: 5148.0
  • Buyer: Keishi Ando
  • Seller: Anthony Diamond
  • Broker Representatives: Chase Simonton - Re/Max, John Sarna - Re/Max, Dana Brody - Marcus & Millichap

The transaction was facilitated by a team of brokers including Chase Simonton, John Sarna from Re/Max, and Dana Brody from Marcus & Millichap. These representatives played a crucial role in bringing together the buyer, Keishi Ando, and the seller, Anthony Diamond, for the successful closing of the deal.

Players

Dana Brody

Marcus & Millichap

Broker

$105.4M

vol

11 deals

Broker

Keishi Ando

Buyer
Buyer

Anthony Diamond

Seller
Seller

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

5.39%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93