Updated Dec 21, 2023
William James Acquires Multifamily Property In Boyle Heights For $1.1M
2744 Lanfranco St, Central LA, Los Angeles, CA, USA
$1,100,000
$288/SF
Building Size
3,816 SF
Asset Type
MultiFamily
Closing
Sep 14, 2021
About this deal
AI
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.
On the Map
$1,100,000
$288/SF
MultiFamily
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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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93