Updated Oct 28, 2024
Dreamwork Development Acquires Multifamily Property On S. Western Ave. In South West Los Angeles For $1.075M
10817 South Western Avenue, Los Angeles, CA 90047
$1,075,000
$264/SF
Building Size
4,062 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
Dreamwork Development has acquired a multifamily property located at 10817 S. Western Ave. in the South West Los Angeles market. The property spans 4,062 square feet and was sold for $1,075,000, translating to a price per square foot of $265. The transaction took place on August 24, 2021, with the seller being RSO Real Estate Investment Group, represented by Samuel Olden. LAX Realty Inc. acted as the buyer's representative in the deal.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Address: 10817 S. Western Ave.
- Market: South West Los Angeles
This multi-family property sale represents a value-add opportunity for Dreamwork Development. They are actively looking to expand their portfolio in Los Angeles and Orange County. Any potential deals can be directed to AJ (@dreamingthegoodlife) or Gino (@ginocozzo).
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93