Albert Bitong Acquires Multifamily Property On S. New England In Pico-Union For $2.7M
1805 South New England Street, Los Angeles, CA, USA
$2,699,000
$359/SF
Building Size
7,509 SF
Asset Type
MultiFamily
Closing
Jul 21, 2021
AI
The multifamily property located at 1805 S. New England in Pico-Union has been sold in a recent transaction. The sale took place on July 22, 2021. The property consists of 4 units with a total square footage of 7,509. The sale price for the property was $2,699,000, resulting in a price per unit of $674,750 and a price per square foot of $359.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,699,000
- Address: 1805 S. New England
- Market: Pico-Union
The buyer of the property was Albert Bitong, while the seller was Isaac Davidi. The transaction was facilitated by Elizabeth Maddox and Ian Maddox from The 2-4 Unit brokerage.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93