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
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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93