facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

1805 South New England Stre...

Albert Bitong Acquires Multifamily Property On S. New England In Pico-Union For $2.7M
SOLDMultiFamily

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

Elizabeth Maddox

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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