Lucille Gonzalez Purchases Multifamily Property From Flores Land Company In Los Angeles For $960,000
847 East 24th Street
$960,000
$245/SF
Building Size
3,906 SF
Asset Type
MultiFamily
Closing
Dec 4, 2025
AI
The property asset involved in the transaction is a multifamily building located at 847 East 24th Street, Los Angeles. It sold for $960,000, comprising 8 units with a price per unit of $120,000. The total square footage of the property is 3,906, resulting in a price per square foot of $245.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $960,000
- Units: 8
- Price per Unit: $120,000
- Square Footage: 3,906
- Price per Square Foot: $245
- Buyer: Lucille Gonzalez
- Seller: Flores Land Company
- Broker Representatives: Ken Ishiki & Cameron Samimi - Lyon Stahl Investment Real Estate
The deal was facilitated by brokers Ken Ishiki and Cameron Samimi, representing Lyon Stahl Investment Real Estate. They played a crucial role in connecting the buyer, Lucille Gonzalez, with the seller, Flores Land Company, to successfully complete the transaction.
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
16.52%
Cash-on-Cash
-4.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93