Jaime Sanchez, Jorge Contreras, David Medina, Eric Leuvano & Luis Vargas Acquire Multifamily In Los Angeles For $3.6M
456 South Breed Street
$3,600,000
$190/SF
Building Size
18,857 SF
Asset Type
MultiFamily
Closing
Apr 1, 2024
AI
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.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93