Updated Dec 21, 2023
Westwood Village Multifamily Sells For $3M With Taksa Investment Group's Jonathan Taksa
11023 Strathmore Drive, Los Angeles, CA 90024, USA
$3,000,000
$537/SF
Building Size
5,581 SF
Asset Type
MultiFamily
Closing
Aug 29, 2019
About this deal
AI
Located in the heart of Westwood Village, this 6-unit apartment building is a prime opportunity for student housing. With most of the property delivered vacant, it offers potential for immediate use or renovation. Four out of the six units have already been fully renovated, providing a modern living space for tenants. The multifamily asset spans across 5,581 square feet and offers a total of six units, making it an attractive investment in the Westwood Village market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 11023 Strathmore Drive
- Market: Westwood Village
- Square Footage: 5,581
- Price Per Square Foot: $537.54
- Number of Units: 6
- Price Per Unit: $500,000
The transaction was facilitated by Jonathan Taksa from Taksa Investment Group. As the representative for the buyer, Jonathan played a crucial role in securing the property. With his expertise in the Westwood Village market, he identified the potential for student housing and successfully completed the off-market sale.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93