Updated Sep 3, 2026
Gin Lee Purchases Boyle Heights Multifamily Asset From Jayden Ren For $1,575,000
2531 Folsom Street
$1,575,000
$286/SF
Building Size
5,490 SF
Asset Type
MultiFamily
Closing
Aug 31, 2026
About this deal
AI
This multifamily property, located at 2531 Folsom Street in Boyle Heights, was sold for $1,575,000. The asset consists of 4 units and has a total square footage of 5,490. The price per unit is $393,750, while the price per square foot is $286.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Units: 4
- Square Footage: 5,490
- Price per Unit: $393,750
- Price per Square Foot: $286
- Buyer: Gin Lee
- Seller: Jayden Ren
- Broker: Jake Glaser - Lyon Stahl Investment Real Estate
In this transaction, Gin Lee acquired the property from seller Jayden Ren, with representation provided by broker Jake Glaser from Lyon Stahl Investment Real Estate, facilitating the deal on behalf of both parties.
On the Map
$1,575,000
$286/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93