Jaime O. Sanchez And Jorge Contreras Of Elite Equity Group Acquire Multifamily In Gardena For $3.05M
SOLD
$3,050,000
California
See Similar DealsMultiFamily12,434 SF
Sold 10/31/2024
SOLD
Jaime O. Sanchez And Jorge Contreras Of Elite Equity Group Acquire Multifamily In Gardena For $3.05M
West 167th Street
See Similar DealsMultiFamily12,434 SF
Sold 10/31/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$245
Total Square Footage:12,434 SF
Transaction Type:Sale
The property asset involved in this transaction consists of two multifamily buildings located at 821 & 825 West 167th Street in Gardena. The transaction was finalized at a price of $3,050,000, encompassing a total of 20 units. The overall square footage of the asset is 12,434, resulting in a price per unit of $152,500 and a price per square foot of $245.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,050,000
- Units: 20
- Square Footage: 12,434
- Price Per Unit: $152,500
- Price Per Square Foot: $245
- Buyer: Jaime O. Sanchez & Jorge Contreras - Elite Equity Group
- Seller: Edward Young Ho Pai
- Broker Representatives: Evelyn Baez & Olga Wright - Lyon Stahl Investment Real Estate
The key individuals involved in the transaction include buyers Jaime O. Sanchez and Jorge Contreras, representing Elite Equity Group. The transaction was facilitated by broker representatives Evelyn Baez and Olga Wright from Lyon Stahl Investment Real Estate, and the seller of the property is Edward Young Ho Pai.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
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