Updated Dec 21, 2023
Walter Hogan Acquires Multifamily Property On N. Bixel St. For $4.85M
321 North Bixel Street, Los Angeles, California 90026, United States
$4,850,000
$698/SF
Building Size
6,939 SF
Asset Type
MultiFamily
Closing
Jun 20, 2022
About this deal
AI
The multifamily property located at 321 N. Bixel St. in Echo Park has been sold for a total price of $4,850,000. The transaction took place on June 21, 2022, and involved a total of 9 units. The price per unit stands at $538,888. The property spans across 6,939 square feet, with a price per square foot of $700.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,850,000
- Address: 321 N. Bixel St.
- Market: Echo Park
The buyer of the property is Walter Hogan, while Matthew Sims acted as the seller. The transaction was facilitated by brokers Kenny Stevens and Max Berger from Compass.
On the Map
$4,850,000
$698/SF
MultiFamily
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93