10620 JCE Wilkins LLC Acquires 6-Unit Property On Wilkins Avenue For $2.8M
SOLD
$2,825,000
California
See Similar DealsOther6,812 SF
Sold 10/24/2018
SOLD
10620 JCE Wilkins LLC Acquires 6-Unit Property On Wilkins Avenue For $2.8M
10620 Wilkins Avenue, Los Angeles, CA, USA
See Similar DealsOther6,812 SF
Sold 10/24/2018
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$414
Total Square Footage:6,812 SF
Transaction Type:Sale
The property at 10620 Wilkins Avenue has been sold for $2,825,000. This property consists of 6 units with a total square footage of 6,812. The price per square foot is $415, while the price per unit is $470,833. The Gross Rent Multiplier (GRM) is 21 and the Capitalization Rate (Cap Rate) is 2.6%.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $2,825,000
- Address: 10620 Wilkins Avenue
- Square Footage: 6,812
- Price per Square Foot: $415
- Number of Units: 6
- Price per Unit: $470,833
- Gross Rent Multiplier: 21
- Capitalization Rate: 2.6%
Michael & Barbara Faze were the sellers of the property, while the buyer was 10620 JCE Wilkins LLC. The transaction was facilitated by brokers Michael Monempour and Ramin Gheitanchi from Charles Dunn Company.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29
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