Updated Dec 21, 2023
Filip Niculete & Glen Scher Sell Mid City Multifamily For $2,050,000
2469 E 7th St, Los Angeles, CA, USA
$2,050,000
$337/SF
Building Size
6,071 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
About this deal
AI
2469 E. 7th St. in Mid City has been sold for $2,050,000. This multifamily property spans 6,071 square feet, resulting in a price per square foot of $337.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 2469 E. 7th St., Mid City
- Market: Mid City
Filip Niculete and Glen Scher represented both sides of the deal as the brokers in this transaction.
The multifamily sale at 2469 E 7th St, Los Angeles, CA, USA in Los Angeles, California sold for $2.1M in 2021. The building is 6,071 square feet, implying about 337 per square foot on the published price. Glen Scher, Filip Niculete, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Los Angeles, California file for the 2469 E 7th St, Los Angeles, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 2469 E 7th St, Los Angeles, CA, USA around 2021. Published consideration for 2469 E 7th St, Los Angeles, CA, USA is $2.1M, dated 2021. Cite this Filip Niculete & Glen Scher Sell Mid City Multifamily For $2,050,000 sale when underwriting similar multifamily product around Los Angeles, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93