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Andrew Wilkey Acquires Multifamily Property In Rampart Village For $2.3M

Property Image
SOLD
$2,328,100

California

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MultiFamily7,040 SF
Sold 03/12/2019
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Property Image
SOLD

Andrew Wilkey Acquires Multifamily Property In Rampart Village For $2.3M

3006 W 2nd St, Central LA, Los Angeles, CA, USA

See Similar Deals
MultiFamily7,040 SF
Sold 03/12/2019
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:7,040 SF
Transaction Type:Sale

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

Andrew Wilkey
Andrew Wilkey
1 deal$2.3M volume(949) 355-3384
BROKER

Details

SOLD
IMAGE: Andrew Wilkey @andrewfromcompass DATE: 03/12/2019 ADDRESS: 3006 W 2nd St MARKET: Rampart Village ASSET TYPE: Multifamily BROKERS: Andrew Wilkey PRICE: $2,328,100 SF: 7,040 ~ PPSF: $331 UNITS: 10 PPU: $232,810 GRM: 11.32 CAP: 5.54%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$124,165.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,271.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,036.38
Annual Debt Service$132,436.58