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3835 Wisconsin St, Los Ange...

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

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

Robert Rush

Broker

$3.9M

vol

2 deals

Broker

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