William James Acquires Multifamily Property In Boyle Heights For $1.1M
SOLD
$1,100,000
California
See Similar DealsMultiFamily3,816 SF
Sold 09/14/2021
SOLD
William James Acquires Multifamily Property In Boyle Heights For $1.1M
2744 Lanfranco St, Central LA, Los Angeles, CA, USA
See Similar DealsMultiFamily3,816 SF
Sold 09/14/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$288
Total Square Footage:3,816 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 2744 Lanfranco St. in Boyle Heights. It consists of 6 units with a total square footage of 3,816. The sale price for this property was $1,100,000, resulting in a price per unit of $183,333 and a price per square foot of $288.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 6
- Price per Unit: $183,333
- Square Footage: 3,816
- Price per Square Foot: $288
The buyer in this transaction was William James, while the seller was Shawn Tavakoli. The brokers involved in the deal were Zac Freehling, David Regalado, and Anthony Amezquita from PacificPartnersLA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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