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Lyon Stahl Investment Real Estate Facilitates $1M Multifamily Sale In Echo Park

Property Image
SOLD
$1,000,000

California

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MultiFamily4,878 SF
Sold 06/24/2020
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Property Image
SOLD

Lyon Stahl Investment Real Estate Facilitates $1M Multifamily Sale In Echo Park

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

See Similar Deals
MultiFamily4,878 SF
Sold 06/24/2020
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$205
Total Square Footage:4,878 SF
Transaction Type:Sale

Located in Echo Park, the multifamily property at 938 Everett Street was recently sold for a price of $1,000,000. This transaction, represented by brokers Chris Van Vuuren and Lorraine Tan from Lyon Stahl Investment Real Estate, involved a total of 5 units with an average price per unit of $200,000. The property spans across 4,878 square feet, resulting in a price per square foot of $205.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 5
  • Price per Unit: $200,000
  • Square Footage: 4,878
  • Price per Square Foot: $205

Chris Van Vuuren and Lorraine Tan from Lyon Stahl Investment Real Estate played crucial roles as the brokers in this transaction. Their expertise and negotiation skills contributed to the successful closing of this multifamily property deal in Echo Park.

Players

3 deals$6.7M volume(714) 655-0098
BROKER

Lorraine Tan
1 deal$1M volume
BROKER

Details

SOLD
IMAGE: Lorraine Tan & Chris van Vuuren DATE: 06/24/2021 ADDRESS: 938 Everett Street MARKET: Echo Park ASSET TYPE: Multifamily BROKERS: Chris Van Vuuren (@Multifamily_Vvi) & Lorraine Tan (@Lorraine__Tan) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $1,000,000 UNITS: 5 ~ PPU: $200,000 SF: 4,878 ~ PPSF: $205

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

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
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