Updated Dec 21, 2023
Andrew Wilkey Acquires Multifamily Property In Rampart Village For $2.3M
3006 W 2nd St, Central LA, Los Angeles, CA, USA
$2,328,100
$330/SF
Building Size
7,040 SF
Asset Type
MultiFamily
Closing
Mar 11, 2019
About this deal
AI
A multifamily property located at 3006 W 2nd St in Rampart Village has been sold in a recent transaction. The property comprises 10 units and spans a total of 7,040 square feet. The sale price for this asset was $2,328,100, resulting in a price per square foot of $331. The property was sold at a Gross Rent Multiplier (GRM) of 11.32 and a Capitalization Rate (CAP) of 5.54%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,328,100
- Address: 3006 W 2nd St
- Market: Rampart Village
- Units: 10
- Square Footage: 7,040
- Price Per Square Foot: $331
- Gross Rent Multiplier (GRM): 11.32
- Capitalization Rate (CAP): 5.54%
- Broker: Andrew Wilkey
Andrew Wilkey from Compass represented the parties involved in this transaction.
Players
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
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93