Joel Naas Acquires Multifamily Property In Echo Park For $1.95M
920 Everett Street, Echo Park, Los Angeles, CA, USA
$1,950,000
$565/SF
Building Size
3,450 SF
Asset Type
MultiFamily
Closing
Sep 3, 2019
AI
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
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93