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1118 South Fairfax Avenue

Joel Davidson Acquires Multifamily Property At 1118 South Fairfax Avenue For $3.06M With Broker Everett Wong
SOLDMultiFamily

Joel Davidson Acquires Multifamily Property At 1118 South Fairfax Avenue For $3.06M With Broker Everett Wong

1118 South Fairfax Avenue

$3,060,000

$233/SF

Building Size

13,091 SF

Asset Type

MultiFamily

Closing

Oct 28, 2025

AI

The asset involved in this transaction is a MultiFamily property located at 1118 South Fairfax Avenue in the Los Angeles market. The sale price was $3,060,000, encompassing a total area of 13,091 square feet, which equates to a price per square foot of $233.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,060,000
  • Buyer: Joel Davidson
  • Broker: Everett Wong - Greysteel
  • Date of Transaction: 10/28/2025

This transaction was facilitated by broker Everett Wong representing the interests of the buyer, Joel Davidson. The engagement highlights the active collaboration between the buyer and the broker in navigating the Los Angeles real estate market.

Players

Everett Wong

Greysteel

Broker

$37.9M

vol

14 deals

Broker
Greysteel
GreysteelBrokerage

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

5.18%

Cash-on-Cash

-1.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93