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456 South Breed Street

Jaime Sanchez, Jorge Contreras, David Medina, Eric Leuvano & Luis Vargas Acquire Multifamily In Los Angeles For $3.6M
SOLDMultiFamily

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:

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

Evelyn Baez

Lyon Stahl Investment Real Estate

Broker

$13.8M

vol

6 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93