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

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SOLD
$2,900,000

California

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MultiFamily4,990 SF
Sold
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SOLD

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

519 East Walnut Avenue

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MultiFamily4,990 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$581
Total Square Footage:4990 SF
Transaction Type:Sale

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 "Luca" Jacoli
4 deals$29.3M volume(510) 708-2662
BROKER

Details

SOLD
IMAGE: Gianluca Jacoli DATE: 05/23/2024 ADDRESS: 519 East Walnut Avenue MARKET: El Segundo ASSET TYPE: Multifamily BUYER'S REP: Christopher Eto - Ocean Palisades Realty SELLER'S REP: Gianluca Jacoli (@ListWithLuca) - Shield Commercial Real Estate (@ShieldCRE) SALE PRICE: $2,900,000 SF: 4,990 ~ PPSF: $581 NOTE: A multi-family property at 519 East Walnut Avenue in El Segundo was sold for $2.9 million. The transaction, facilitated by Christopher Eto of Ocean Palisades Realty and Gianluca Jacoli of Shield Commercial Real Estate, marks a notable investment opportunity in a prime El Segundo location with potential rental upside and spacious units.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$10,303.08
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