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1136 West 6th Street

Susan Sun Acquires 42-Unit Multifamily In Los Angeles For $17.5M
SOLDMultiFamily

Susan Sun Acquires 42-Unit Multifamily In Los Angeles For $17.5M

1136 West 6th Street

$17,500,000

$387/SF

Building Size

45,138 SF

Asset Type

MultiFamily

Closing

Mar 29, 2023

AI

The multifamily property located at 1136 West 6th Street in Los Angeles has been sold for $17,500,000. The transaction took place on March 29, 2023. The property offers 42 units, with an average price per unit of $416,667. The total square footage of the property is 45,138, resulting in a price per square foot of $388.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $17,500,000
  • Units: 42
  • Price per Unit: $416,667
  • Square Footage: 45,138
  • Price per Square Foot: $388

The buyer of the property is Susan Sun. Janet Neman and Angelica Gotzev from Kidder Mathews represented the seller, while Kevin Lee from Coldwell Banker Commercial Alliance Realty represented the buyer.

Players

Janet Neman

Kidder Mathews

Broker

$483.6M

vol

26 deals

Broker

Market 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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93