Updated Sep 9, 2024
10620 JCE Wilkins LLC Acquires 6-Unit Property On Wilkins Avenue For $2.8M
10620 Wilkins Avenue, Los Angeles, CA, USA
$2,825,000
$414/SF
Building Size
6,812 SF
Asset Type
Other
Closing
Oct 23, 2018
About this deal
AI
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.
On the Map
$2,825,000
$414/SF
Other
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Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93