Raymond A. Rodriguez Acquires Multifamily Property In Watts, Los Angeles For $1.15M
2075 Imperial Highway, Los Angeles, California 90059, United States
$1,150,000
$188/SF
Building Size
6,099 SF
Asset Type
MultiFamily
Closing
Nov 29, 2021
AI
A multifamily property located at 2075 E. Imperial Hwy. in Watts, Los Angeles has been sold. The property consists of 6 units with a total of 6,099 square feet. The sale price for this transaction was $1,150,000, resulting in a price per unit of $191,666 and a price per square foot of $188. The property is situated in the Watts market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 6
- Price per Unit: $191,666
- Square Feet: 6,099
- Price per Square Foot: $188
- Address: 2075 E. Imperial Hwy.
- Market: Watts, Los Angeles
The sale of this multifamily property was facilitated by Raymond A. Rodriguez from Lucrum Real Estate Group. Rodriguez represented the seller in this transaction. KW Commercial SoCal also played a role as the agency involved in this deal.
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93