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
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