Srinivas Yalamanchili Purchases Baldwin Park Multifamily From Leorita & Bess Apartments LLC For $5.71M
SOLD
$5,706,500
California
See Similar DealsMultiFamily24,615 SF
Sold 03/26/2024
SOLD
Srinivas Yalamanchili Purchases Baldwin Park Multifamily From Leorita & Bess Apartments LLC For $5.71M
932 Leorita St
See Similar DealsMultiFamily24,615 SF
Sold 03/26/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$231
Total Square Footage:24,615 SF
Lot Square Footage:45651 SF
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily building located at 932 Leorita St, Baldwin Park. The transaction was completed for a price of $5,706,500.00, and the building encompasses a total of 24,615 square feet.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $5,706,500.00
- Address: 932 Leorita St
- Market: Baldwin Park
- Square Footage: 24,615.0
- Buyer: Srinivas Yalamanchili
- Seller: Leorita & Bess Apartments LLC
- Broker: Brandon Evans - Lyon Stahl Investment Real Estate
- Sale Date: 03/26/2024
This transaction involved key individuals including the buyer, Srinivas Yalamanchili, and the seller, Leorita & Bess Apartments LLC. The broker representing this deal was Brandon Evans from Lyon Stahl Investment Real Estate, facilitating the process for both the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,346.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,273.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,051.72
Annual Debt Service$324,620.66
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