Andres Diaz, Daniel Shon And Salleh Beitollahi Sell Multifamily Property In Rampart Village For $2.65M
112 South Westmoreland Avenue, Central LA, Los Angeles, CA, USA
$2,655,000
$281/SF
Building Size
9,436 SF
Asset Type
MultiFamily
Closing
Dec 27, 2018
AI
An multifamily property located at 112 South Westmoreland Avenue in Rampart Village has been sold for a price of $2,655,000. The property spans across 9,436 square feet and offers a cap rate of 2.35% and a GRM of 17.22.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,655,000
- Address: 112 South Westmoreland Avenue
- Market: Rampart Village
The sale of this multifamily property was facilitated by brokers Andres Diaz, Daniel Shon, and Salleh Beitollahi from KingSide Group.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.97%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93