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2744 Lanfranco Street, Los ...

Jin Gee Acquires Boyle Heights Multifamily From William James For $1.21M
SOLDMultiFamily

Jin Gee Acquires Boyle Heights Multifamily From William James For $1.21M

2744 Lanfranco Street, Los Angeles, California 90033, United States

$1,210,000

$317/SF

Building Size

3,816 SF

Asset Type

MultiFamily

Closing

Feb 15, 2022

AI

A multifamily property located at 2744 Lanfranco St. in Boyle Heights, Los Angeles has been sold for $1,210,000. The property consists of 6 units with a price per unit of $201,666. It spans a total area of 3,816 square feet, resulting in a price per square foot of $317.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,210,000
  • Units: 6
  • Price Per Unit: $201,666
  • Square Feet: 3,816
  • Price Per Square Foot: $317
  • Address: 2744 Lanfranco St., Boyle Heights, Los Angeles
  • Market: Boyle Heights, Los Angeles

The buyer of the property is Jin Gee, while the seller is William James. The transaction was facilitated by Zac Freehling, David Regalado, and Anthony Amezquita from Pacific Partners Los Angeles.

Players

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 deals

Broker

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

13.11%

Cash-on-Cash

-3.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93