Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,900,000
$581/SF
MultiFamily
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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