Weston James Group Acquires SFR On Franklin Avenue For $2.55M
SOLD
California
See Similar DealsSingle Family Residence3,831 SF
Sold 12/27/2020
SOLD
Weston James Group Acquires SFR On Franklin Avenue For $2.55M
8445 Franklin Avenue, Los Angeles, CA, USA
See Similar DealsSingle Family Residence3,831 SF
Sold 12/27/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$665
Total Square Footage:3,831 SF
Transaction Type:Sale
A single-family residential property located at 8445 Franklin Avenue in Los Angeles was recently sold for $2,550,000. The property spans 3,831 square feet, resulting in a price per square foot of $665.
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $2,550,000
- Address: 8445 Franklin Avenue, Los Angeles
- Market: Los Angeles
- Asset Type: Single-Family Residential
The transaction was facilitated by brokers Weston Littlefield from the Weston James Group and Raul Sanchez Jr. from the Aaron Kirman Group. Representing the buyer and seller respectively, their expertise contributed to the successful completion of the deal.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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