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1001 Simmons Ave
Apartment
Sold April 2022

1001 Simmons Ave

East Los Angeles, CA · East Los Angeles

Sale Price

$1,750,000

$250,000

Price/Unit

4.93%

Cap Rate

About This Deal

7-unit apartment building in East Los Angeles sold for $1.75M ($250,000/unit, 4.93% cap).

1031 Exchange|3 min read

Record Sale | 7 Units | East Los Angeles | Sold at List Price

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The successful closing of these 7 units in East Los Angeles located at 1001 Simmons Ave.

Record Breaking Sale

This sale has taken over the top spot in the all-time rankings for apartment building sales in East Los Angeles for both highest price per unit and highest price per sqft ever achieved in the city.

See below for the top 5 apartment sales in the history of East Los Angeles. This closing is 30% higher than the next highest price per unit and an impressive 93% higher than the next price per sqft.

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16830 Ventura Blvd, Ste. 100, Encino, CA 91436 | (818) 212-2808