Updated Feb 25, 2025
Beverly & Rick Sperling Acquire Multifamily Property In Echo Park For $3.6M
2219 West Court Street, Los Angeles, California 90026, United States
$3,595,000
$494/SF
Building Size
7,265 SF
Asset Type
MultiFamily
Closing
Mar 14, 2022
About this deal
AI
Located in Echo Park, the multifamily property at 2219 W. Court St. has recently been sold in a closed transaction. The transaction took place on 03/15/2022 and was captured in a photo by Yohann Bensimon. The property consists of 6 units with a total square footage of 7,265. The sale price for this property was $3,595,000, which translates to a price per unit of $599,166 and a price per square foot of $494.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,595,000
- Units: 6
- Price per Unit: $599,166
- Square Footage: 7,265
- Price per Square Foot: $494
- Market: Echo Park
The buyers involved in this transaction were Beverly Sperling and Rick Sperling. On the other hand, Isaac Davidi acted as the seller. Yohann Bensimon from Ikon Advisors represented both parties as the broker in this transaction.
On the Map
$3,595,000
$494/SF
MultiFamily
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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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93