Kristen Sullivan Acquires Multifamily Property In Boyle Heights For $944K
2440 Wabash Avenue, Los Angeles, California 90033, United States
$944,000
$303/SF
Building Size
3,116 SF
Asset Type
MultiFamily
Closing
Jan 28, 2022
AI
Zac Freehling, David Regalado, and Anthony Amezquita of Pacific Partners Los Angeles brokered the sale of a multifamily property in Boyle Heights. Located at 2440 Wabash Ave., the property was sold by Zac Freehling to Kristen Sullivan for a sale price of $944,000. The property consists of 5 units with a total square footage of 3,116. The price per unit is $188,800 and the price per square foot is $302.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $944,000
- Address: 2440 Wabash Ave.
- Market: Boyle Heights
- Buyer: Kristen Sullivan
- Seller: Zac Freehling
- Brokers: Zac Freehling, David Regalado, and Anthony Amezquita - Pacific Partners Los Angeles
- Units: 5
- Price per Unit: $188,800
- Total Square Footage: 3,116
- Price per Square Foot: $302
The sale of the property was facilitated by Zac Freehling, David Regalado, and Anthony Amezquita from Pacific Partners Los Angeles. They represented both the seller, Zac Freehling, and the buyer, Kristen Sullivan, in the transaction.
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
16.80%
Cash-on-Cash
-4.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93