SOLDMultiFamily
Echo Park Multifamily Sells For $1.165M With Buyer's Rep Andres Diaz & Daniel Shon IngSideGroup
1819 Montrose Street, Los Angeles, CA 90026, USA
$1,165,000
$289/SF
Building Size
4,022 SF
Asset Type
MultiFamily
Closing
Feb 27, 2019
AI
An multifamily property located at 1819 Montrose St in Echo Park has been sold for $1.165M. The property spans across 4,022 square feet and has a capitalization rate of 3.07% and a gross rent multiplier of 18.59.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1.165M
- Address: 1819 Montrose St
- Market: Echo Park
The sale of this property was facilitated by Andres Diaz and Daniel Shon from ingSideGroup.
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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93