Jaime Sanchez, Jorge Contreras, David Medina, Eric Leuvano & Luis Vargas Acquire Multifamily In Los Angeles For $3.6M
SOLD
$3,600,000
California
See Similar DealsMultiFamily18,857 SF
Sold 04/01/2024
SOLD
Jaime Sanchez, Jorge Contreras, David Medina, Eric Leuvano & Luis Vargas Acquire Multifamily In Los Angeles For $3.6M
456 South Breed Street
See Similar DealsMultiFamily18,857 SF
Sold 04/01/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:18,857 SF
Transaction Type:Sale
The sale involved a multifamily property located at 456 South Breed Street in Los Angeles. The transaction took place on 04/01/2024, with a sale price of $3,600,000. The property comprises 24 units spanning 18,857 square feet, resulting in a price per unit of $150,000 and a price per square foot of $191.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Buyer: Jaime Sanchez, Jorge Contreras, David Medina, Eric Leuvano & Luis Vargas
- Seller: Rene Sanchez
- Buyer's Rep: Evelyn Baez & Olga Wright - Lyon Stahl Investment Real Estate
Evelyn Baez and Olga Wright from Lyon Stahl Investment Real Estate represented the buyers in the transaction, showcasing their expertise in facilitating the deal between the buyers and the seller. The involvement of these professionals highlights the significance of skilled real estate representation in property transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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