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
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