Clint Lukens Acquires Multifamily Property In Boyle Heights For $2.7M
207 North Savannah Street, Central LA, Los Angeles, CA, USA
$2,725,000
$244/SF
Building Size
11,170 SF
Asset Type
MultiFamily
Closing
Feb 20, 2020
AI
Located at 207 North Savannah Street in Boyle Heights, this multifamily property was recently sold for a price of $2,725,000. Spanning over 11,170 square feet, the property consists of 17 units, with each unit priced at an average of $160,294. The sale took place on February 21, 2020, making it a closed transaction in the real estate market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,725,000
- Square Footage: 11,170
- Address: 207 North Savannah Street
- Market: Boyle Heights
Clint Lukens emerged as the buyer of the property, while Bob Gayle served as the seller. The deal was facilitated by brokers Sean Rosenzweig and Yan Kit "Andy" Chan, representing the respective parties involved in the transaction.
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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93