Updated Dec 20, 2023
Avison Young Brokers Sell Multifamily Property In Los Angeles For $8M
1820 El Cerrito Place, Los Angeles, California 90068, United States
$8,000,000
$402/SF
Building Size
19,863 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
An undisclosed multifamily property located at 1820 El Cerrito Place in Los Angeles has recently been sold for a total of $8,000,000. The transaction took place on March 31, 2022, and involved a total of 24 units. This equates to an average price per unit of approximately $333,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 1820 El Cerrito Place, Los Angeles
- Market: Los Angeles
- Units: 24
- Price Per Unit: $333,333
The sale of this multifamily property was facilitated by the brokers Peter Sherman, John Tronson, and Steven Tronson from Avison Young.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93