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Joel Naas Acquires Multifamily Property In Echo Park For $1.95M

Property Image
SOLD
$1,950,000
Jason Tuvia

California

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MultiFamily3,450 SF
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Property Image
SOLD

Joel Naas Acquires Multifamily Property In Echo Park For $1.95M

920 Everett Street, Echo Park, Los Angeles, CA, USA

See Similar Deals
MultiFamily3,450 SF
Sold
Jason Tuvia
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$565
Total Square Footage:3450 SF
Transaction Type:Sale

The multifamily property located at 920 Everett Street in Echo Park has been sold. The transaction took place on September 4, 2019. The property, consisting of 3,450 square feet, was sold for a price of $1,950,000, resulting in a price per square foot of $565.22.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Date: 9/4/19
  • Address: 920 Everett Street
  • Market: Echo Park

The buyer of the property is Joel Naas, representing Clint Lukens Realty. The seller is The Chow Family. The deal was facilitated by broker Jason Tuvia, who represents both Joel Naas and the buyer in the transaction.

Players

Jason Tuvia
42 deals$127.3M volume(818) 212-2735
BROKER

Joel Naas
1 deal$2M volume(323) 668-7500
BROKER

Details

SOLD
IMAGE: Jason Tuvia DATE: 9/4/19 ADDRESS: 920 Everett Street MARKET: Echo Park ASSET TYPE: Multifamily BUYER: Joel Naas - Clint Lukens Realty SELLER: The Chow Family BROKER: Jason Tuvia, Joel Naas PRICE: $1,950,000 SF: 3,450 ~ PPSF: $565.22

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94