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519 East Walnut Avenue

Christopher Eto And Gianluca Jacoli Close $2.9M Multifamily Sale In El Segundo
SOLDMultiFamily

Christopher Eto And Gianluca Jacoli Close $2.9M Multifamily Sale In El Segundo

519 East Walnut Avenue

$2,900,000

$581/SF

Building Size

4,990 SF

Asset Type

MultiFamily

Closing

May 23, 2024

AI

A multi-family property located at 519 East Walnut Avenue in El Segundo was recently sold for $2.9 million. Spanning 4,990 square feet, this asset boasts a price per square foot of $581. The transaction, facilitated by Christopher Eto of Ocean Palisades Realty and Gianluca Jacoli of Shield Commercial Real Estate, presents a notable investment opportunity in a prime El Segundo location. The property offers potential rental upside along with spacious units, making it an attractive investment for discerning buyers.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Address: 519 East Walnut Avenue
  • Market: El Segundo
  • SF: 4,990
  • Price per Square Foot: $581
  • Buyer's Rep: Christopher Eto - Ocean Palisades Realty
  • Seller's Rep: Gianluca Jacoli - Shield Commercial Real Estate

Christopher Eto from Ocean Palisades Realty and Gianluca Jacoli from Shield Commercial Real Estate were the key individuals behind this real estate deal. Their expertise and negotiation skills played a crucial role in finalizing the transaction, showcasing their dedication to securing successful investment opportunities for their clients in El Segundo.

Players

Gianluca Jacoli

Shield Commercial Real Estate

Broker

$29.3M

vol

4 deals

Broker

El Segundo 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93