Jolie Hong Acquires 12-Unit Multifamily In Los Angeles For $2.6M
4127 Eagle Rock Boulevard, Los Angeles, CA 90065, USA
$2,635,000
$349/SF
Building Size
7,539 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
AI
Located at 4127 Eagle Rock Boulevard in Los Angeles, the multifamily property was recently sold for $2,635,000. The sale transaction took place on October 25, 2021. The property consists of 12 units, with a price per unit of $219,583. It spans a total area of 7,539 square feet, resulting in a price per square foot of $349.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,635,000
- Units: 12
- Price per Unit: $219,583
- Square Footage: 7,539
- Price per Square Foot: $349
- Market: Los Angeles
The buyer of the property is Jolie Hong, while the sellers are Jolene Caughey, Donna Wray, and John Wray. The deal was facilitated by brokers Eric Chen and Joyce Goldstein from CBRE, along with Greg Cox from REMAX COMMERCIAL.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.02%
Cash-on-Cash
-1.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93