Clint Lukens Acquires Multifamily Property In Boyle Heights For $2.7M
SOLD
$2,725,000
+ 1
California
See Similar DealsMultiFamily11,170 SF
Sold
SOLD
Clint Lukens Acquires Multifamily Property In Boyle Heights For $2.7M
207 North Savannah Street, Central LA, Los Angeles, CA, USA
See Similar DealsMultiFamily11,170 SF
Sold
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$244
Total Square Footage:11170 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$145,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,681.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,917.89
Annual Debt Service$155,014.68
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