SOLD
Echo Park Multifamily Sells For $1.57M With Kingside Group As Brokers
1556 Parmer Avenue
MultiFamily
4,722 SF
4,722 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
4,722 sqft
An undisclosed multifamily property located at 1556 Parmer Avenue in Echo Park was recently sold for $1,575,000. The transaction took place on June 25, 2019, and the property spans a total of 4,722 square feet. The sale price per square foot was $330.05.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Address: 1556 Parmer Avenue, Echo Park
This sale involved a total of 7 units, resulting in a price per unit (PPU) of $225,000. The capitalization rate (CAP) for this transaction was 2.62% with a gross rent multiplier (GRM) of 18.69.
Andres Diaz and Daniel Shon from Kingside Group served as the brokers for this sale.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Andres Diaz @diaz.andres & Daniel Shon @danielshon
DATE: 6/25/2019
ADDRESS: 1556 Parmer Avenue
MARKET: Echo Park
ASSET TYPE: Multifamily
BROKERS: Andres Diaz, Daniel Shon @kingsidegroup
PRICE: $1,575,000
SF: 4,722 ~ PPSF: $330.05.05
UNITS: 7
PPU: $225,000
CAP: 2.62%
GRM: 18.69View on map
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Address1556 Parmer Avenue
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