Jerry Wise Acquires Multifamily Property On W 29th St, Los Angeles For $4.3M
1137 West 29th Street
$4,300,000
$688/SF
Building Size
6,250 SF
Asset Type
MultiFamily
Closing
Nov 28, 2022
AI
A multifamily property located at 1137 W 29th St in Los Angeles, CA has been sold in a recent transaction. The property consists of 6 units and spans a total area of 6,250 square feet. The sale price for this property was $4,300,000, which corresponds to a price per unit of $716,667 and a price per square foot of $688.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Units: 6
- Price per Unit: $716,667
- Square Footage: 6,250
- Price per Square Foot: $688
Jerry Wise has purchased the property from Taeko Lei. The transaction was facilitated by Petra Sebestyen, Davis Saadian, and Damaso Andres Lara. These brokers represented the Davis Saadian Group & Aaron Kirman Group under the collaboration of DSG x AKG.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93