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2608 7th Avenue, Los Angele...

Shaina Gilmore Acquires Multifamily Property In West Adams For $1.426M
SOLDMultiFamily

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 .

Players

Derrick J. Smith

Coldwell Banker

Broker

$58.1M

vol

13 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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