Robert Rush Acquires Multifamily Property At 3835 Wisconsin Street, Los Angeles For $2.1M
3835 Wisconsin St, Los Angeles, CA 90037, USA
$2,100,000
$420/SF
Building Size
4,992 SF
Asset Type
MultiFamily
Closing
Nov 30, 2022
AI
Located at 3835 Wisconsin Street in South Central, Los Angeles, CA, this multifamily property was recently sold in a closed transaction. The property spans a total of 4,992 square feet and consists of 10 units. The sale price for this asset was $2,100,000, resulting in a per unit price of $210,000. The price per square foot was calculated at $421. It is worth noting that this property was part of a portfolio sale but was sold separately from the rest.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 10
- Price Per Unit: $210,000
- Square Footage: 4,992
- Price Per Square Foot: $421
In this transaction, the buyer was Robert Rush, while the seller was John Purcell. Eric Dilanian from RE/MAX Commercial & Investment Realty represented the buyer, and Andrew Malekie and Coby Chatwin from Link Brokerages represented the seller.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93