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2219 West Court Street, Los...

Beverly & Rick Sperling Acquire Multifamily Property In Echo Park For $3.6M
SOLDMultiFamily

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

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.

Players

Yohann Bensimon

Keller Williams Realty

Broker

$72.2M

vol

23 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93