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847 East 24th Street

Lucille Gonzalez Purchases Multifamily Property From Flores Land Company In Los Angeles For $960,000
SOLDMultiFamily

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

Cameron Samimi
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Cameron Samimi

Lyon Stahl Investment Real Estate

Broker

$141.4M

vol

51 deals

Broker

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