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Weston James Group Acquires SFR On Franklin Avenue For $2.55M

Property Image
SOLD
$2,550,000

California

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Single Family Residence3,831 SF
Sold 12/27/2020
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Property Image
SOLD

Weston James Group Acquires SFR On Franklin Avenue For $2.55M

8445 Franklin Avenue, Los Angeles, CA, USA

See Similar Deals
Single Family Residence3,831 SF
Sold 12/27/2020
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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

1 deal$2.6M volume
BROKER

Details

SOLD
IMAGE: @Weston & Raul Sanchez Jr. DATE: 12/27/2020 ADDRESS: 8445 Franklin Avenue MARKET: Los Angeles ASSET TYPE: SFR BROKERS: Weston Littlefield (@Weston) @WestonJames.Group & @RaulSanchez_Jr - Aaron Kirman Group PRICE: $2,550,000 SF: 3,831 ~ PPSF: $665

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Deal Type
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