Andres Diaz, Daniel Shon And Salleh Beitollahi Sell Multifamily Property In Rampart Village For $2.65M
SOLD
$2,655,000
California
See Similar DealsMultiFamily9,436 SF
Sold 12/28/2018
SOLD
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
See Similar DealsMultiFamily9,436 SF
Sold 12/28/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$281
Total Square Footage:9,436 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,432.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,586.05
Annual Debt Service$151,032.65
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