Shaina Gilmore Acquires Multifamily Property In West Adams For $1.426M
2608 7th Avenue, Los Angeles, CA, USA
$1,426,000
$357/SF
Building Size
3,988 SF
Asset Type
MultiFamily
Closing
Jul 19, 2020
AI
Located in West Adams, the multifamily property at 2608 7th Ave. recently changed hands in a sale transaction. The property consists of 4 units with a total square footage of 3,988. The sale price for the property was $1,426,000, resulting in a per unit price of $356,500. The price per square foot is estimated to be $357. The transaction took place on July 19, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,426,000
- Units: 4
- Price Per Unit: $356,500
- Square Footage: 3,988
- Price Per Square Foot: $357
Shaina Gilmore is the buyer of the property, while Shirley Tang and Sandy Liu represented the seller. The transaction was facilitated by Derrick J. Smith from .
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
11.12%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93