Lyon Stahl Investment Real Estate Facilitates $1M Multifamily Sale In Echo Park
938 Everett Street, Echo Park, Los Angeles, CA, USA
$1,000,000
$205/SF
Building Size
4,878 SF
Asset Type
MultiFamily
Closing
Jun 24, 2020
AI
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
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93