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2075 Imperial Highway, Los ...

Raymond A. Rodriguez Acquires Multifamily Property In Watts, Los Angeles For $1.15M
SOLDMultiFamily

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.

Players

Raymond Rodriguez

Keller Williams Realty

Broker

$30.8M

vol

8 deals

Broker

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93