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
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