Updated Oct 29, 2024
Yi-Lan Sun Acquires Multifamily Property In Downtown Los Angeles For $17.5M
1136 West 6th Street
$17,500,000
$387/SF
Building Size
45,138 SF
Asset Type
MultiFamily
Closing
Mar 30, 2023
About this deal
AI
A multifamily property located at 1136 West 6th Street in Downtown Los Angeles has been sold for $17,500,000. The property consists of 42 units, with a price per unit of $416,667. The total square footage of the property is 45,138, with a price per square foot of $388.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Address: 1136 West 6th Street
- Market: Downtown Los Angeles
- Units: 42
- Price Per Unit: $416,667
- Square Footage: 45,138
- Price Per Square Foot: $388
The buyer of the property is Yi-Lan Sun, while the seller is Holualoa Cos. represented by Jason Aftalion. The brokers involved in the deal are Janet Neman from Kidder Mathews and the advisor for the transaction is Jason Aftalion from Teva Properties.
On the Map
$17,500,000
$387/SF
MultiFamily
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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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93