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Robert Rush Acquires Multifamily Property At 3835 Wisconsin Street, Los Angeles For $2.1M

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SOLD
$2,100,000

California

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MultiFamily4,992 SF
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SOLD

Robert Rush Acquires Multifamily Property At 3835 Wisconsin Street, Los Angeles For $2.1M

3835 Wisconsin St, Los Angeles, CA 90037, USA

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MultiFamily4,992 SF
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$420
Total Square Footage:4,992 SF
Transaction Type:Sale

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

2 deals$3.9M volume
BROKER

Details

SOLD
IMAGE: Eric Dilanian, Andrew Malekie & Coby Chatwin DATE: 11/03/2022 ADDRESS: 3835 Wisconsin Street MARKET: South Central, Los Angeles, CA ASSET TYPE: Multifamily BUYER: Robert Rush SELLER: John Purcell BUYER'S REP: Eric Dilanian - RE/MAX Commercial & Investment Realty SELLER'S REP: Andrew Malekie & Coby Chatwin - Link Brokerages (@LinkBrokerages) SALE PRICE: $2,100,000 UNITS: 10 ~ PPU: $210,000 SF: 4,992 ~ PPSF: $421 NOTE FROM BROKER: Part of a portfolio sale, sold separately.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
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