Srinivas Yalamanchili Purchases Baldwin Park Multifamily From Leorita & Bess Apartments LLC For $5.71M
932 Leorita St
$5,706,500
$231/SF
Building Size
24,615 SF
Asset Type
MultiFamily
Closing
Mar 26, 2024
AI
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.
Players
Baldwin Park 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
2.78%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93