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Jerry Wise Acquires 6-Unit Multifamily Property In Los Angeles For $4.3M

Property Image
SOLD
$4,300,000
Petra Sebestyen
Davis Saadian
+ 2

California

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MultiFamily6,250 SF
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Property Image
SOLD

Jerry Wise Acquires 6-Unit Multifamily Property In Los Angeles For $4.3M

1137 West 29th Street

See Similar Deals
MultiFamily6,250 SF
Sold
Petra Sebestyen
Davis Saadian
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$688
Total Square Footage:6250 SF
Transaction Type:Sale

A multifamily property located at 1137 W 29th Street in Los Angeles, CA has been sold in a closed transaction. The property consists of 6 units with a total of 6,250 square feet. The sale price for this transaction was $4,300,000, resulting in a per unit price of $716,666. The price per square foot for the property is $688.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,300,000
  • Units: 6
  • Price Per Unit: $716,666
  • Square Footage: 6,250
  • Price Per Square Foot: $688
  • Address: 1137 W 29th Street, Los Angeles, CA
  • Market: Los Angeles, CA

The buyer for the property was Jerry Wise, while the seller was Taeko Lei. The transaction was facilitated by Petra Sebestyen, Davis Saadian, and Damaso Andres Lara from the Davis Saadian Group, who represented the buyer and seller. The brokerage involved in the deal was the Aaron Kirman Group at Compass.

Players

Davis Saadian
17 deals$86.6M volume(310) 909-5500
BROKER

Petra Sebestyen
4 deals$17.1M volume
BROKER

Damaso Andres Lara
2 deals$8.6M volume
BROKER

Jerry Wise
7 deals$52.4M volume
BUYER

Details

SOLD
IMAGE: Petra Sebestyen, Davis Saadian & Damaso Andres Lara DATE: 11/28/2022 ADDRESS: 1137 W 29th Street MARKET: Los Angeles, CA ASSET TYPE: Multifamily BUYER: Jerry Wise SELLER: Taeko Lei BROKERS: Petra Sebestyen (@Petra_Sebestyen), Davis Saadian (@DavisSaadian) & Damaso Andres Lara (@DamasoALara) - Davis Saadian Group - Aaron Kirman Group - Compass SALE PRICE: $4,300,000 UNITS: 6 ~ PPU: $716,66 SF: 6,250 ~ PPSF: $688

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
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