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2256 Parnell Avenue

Don Ramos Acquires SFR In Los Angeles For $2.03M
SOLDSingle Family Residence

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

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

Cassandra Petersen

Coldwell Banker

Broker

$54M

vol

7 deals

Broker

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