Updated Oct 29, 2024
Wiseman Residential Acquires Multifamily Building In Westwood For $3.03M
10751 Missouri Avenue, Los Angeles, CA, USA
$3,025,266
$555/SF
Building Size
5,450 SF
Asset Type
MultiFamily
Closing
Mar 26, 2019
About this deal
AI
A multifamily property located at 10751 Missouri Ave in Westwood has been sold for a price of $3,025,266. The property, totaling 5,450 square feet, consists of 6 units. The sale was completed on March 27, 2019, and the price per square foot was $555. The buyer of the property is Wiseman Residential, while the sellers are Andre Demir, Jean Claude Demirjian, and Carol A. Kelly. The transaction was facilitated by Michael Monempour of Kidder Mathews.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,025,266
- Address: 10751 Missouri Ave
- Market: Westwood
- Square Footage: 5,450
- Price per Square Foot: $555
- Number of Units: 6
- Buyer: Wiseman Residential
- Sellers: Andre Demir, Jean Claude Demirjian, and Carol A. Kelly
- Broker: Michael Monempour - Kidder Mathews
The sale of the multifamily property on Missouri Ave in Westwood was completed on March 27, 2019, with a total transaction amount of $3,025,266. The property consists of 6 units and measures a total of 5,450 square feet, resulting in a price per square foot of $555. Wiseman Residential acquired the property from sellers Andre Demir, Jean Claude Demirjian, and Carol A. Kelly. The transaction was facilitated by Michael Monempour of Kidder Mathews.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $555 per square foot on a published $3M for 5,450 square feet (2019).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.24%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93