Echo Park Multifamily Sells For $1.165M With Buyer's Rep Andres Diaz & Daniel Shon IngSideGroup
SOLD
$1,165,000
California
See Similar DealsMultiFamily4,022 SF
Sold 02/28/2019
SOLD
Echo Park Multifamily Sells For $1.165M With Buyer's Rep Andres Diaz & Daniel Shon IngSideGroup
1819 Montrose Street, Los Angeles, CA 90026, USA
See Similar DealsMultiFamily4,022 SF
Sold 02/28/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$289
Total Square Footage:4,022 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,139.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,522.69
Annual Debt Service$66,272.33
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