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920 Everett Street, Echo Pa...

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

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

Jason Tuvia

Marcus & Millichap

Broker

$127.3M

vol

42 deals

Broker

Clint Lukens

Buyer

$4.7M

vol

2 deals

Buyer

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