Jerry Wise Acquires Multifamily Property On W 29th St, Los Angeles For $4.3M
SOLD
$4,300,000
+ 2
California
See Similar DealsMultiFamily6,250 SF
Sold
SOLD
Jerry Wise Acquires Multifamily Property On W 29th St, Los Angeles For $4.3M
1137 West 29th Street
See Similar DealsMultiFamily6,250 SF
Sold
+ 2
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 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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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