Updated Dec 21, 2023
Dunleer Sells Multifamily Property In East Hollywood, Highland Park, And Echo Park For $12.2M
4959 Romaine Street, Central LA, Los Angeles, CA, USA
$12,200,000
Units
32
Asset Type
MultiFamily
Closing
Mar 10, 2020
About this deal
AI
The multifamily property located at 4959 Romaine St, 368 North Avenue 57, and 132 Mountain View Ave in East Hollywood, Highland Park, and Echo Park has been sold for a total price of $12,200,000. The property consists of 32 units, with an average price per unit of $381,250. The seller, Dunleer - BJ Turner, successfully closed the transaction on March 11, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,200,000
- Units: 32
- Price per Unit: $381,250
- Seller: Dunleer - BJ Turner
The deal was facilitated by Dunleer - BJ Turner, the seller's representative. The transaction marks a successful sale in the East Hollywood, Highland Park, and Echo Park markets, further solidifying the presence and demand for multifamily assets in these areas.
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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93