Don Ramos Acquires SFR In Los Angeles For $2.03M
2256 Parnell Avenue
$2,030,000
$1,178/SF
Building Size
1,723 SF
Asset Type
Single Family Residence
Closing
May 9, 2023
AI
A single-family residence located at 2256 Parnell Avenue in Los Angeles has been sold in a closed transaction. The property, measuring 1,723 square feet, was acquired by Don Ramos from Thomas Ramsay. The sale was facilitated by Cassandra Petersen from Coldwell Banker Pacific Palisades, representing the buyer, and Gregory Masi from Compass and Lynn Whitaker from Sotheby's International Realty, representing the seller. The transaction closed at a sale price of $2,030,000, resulting in a price per square foot of $1,178.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $2,030,000
- Property Address: 2256 Parnell Avenue, Los Angeles
- Market: Los Angeles
- Buyer: Don Ramos
- Seller: Thomas Ramsay
- Buyer's Representative: Cassandra Petersen - Coldwell Banker Pacific Palisades
- Seller's Representatives: Gregory Masi - Compass & Lynn Whitaker - Sotheby's International Realty
- Property Size: 1,723 square feet
- Price per Square Foot: $1,178
This transaction showcases the collaboration between the buyer, Don Ramos, and the seller, Thomas Ramsay. The buyer was represented by Cassandra Petersen from Coldwell Banker Pacific Palisades, while the seller was represented by Gregory Masi from Compass and Lynn Whitaker from Sotheby's International Realty. The acquisition of the property at 2256 Parnell Avenue in Los Angeles for $2,030,000 marks a successful deal.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.81%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93