Westlake Multifamily Sells For $3.8M At 115-121 S. Carondelet St. By Johnny Cleator, Tom Jonsson, & Will James
SOLD
$3,800,000
California
See Similar DealsMultiFamily14,233 SF
Sold 03/31/2021
SOLD
Westlake Multifamily Sells For $3.8M At 115-121 S. Carondelet St. By Johnny Cleator, Tom Jonsson, & Will James
115-121 S Carondelet St, MacArthur Park, Los Angeles, CA, USA
See Similar DealsMultiFamily14,233 SF
Sold 03/31/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$267
Total Square Footage:14,233 SF
Transaction Type:Sale
A multifamily property located at 115-121 S. Carondelet St. in Westlake has been sold for $3,800,000. The property consists of 16 units, with a price per unit of $237,500. The total square footage of the property is 14,233, resulting in a price per square foot of $266.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 115-121 S. Carondelet St.
- Market: Westlake
- Units: 16
- Price per Unit: $237,500
- Square Footage: 14,233
- Price per Square Foot: $266
The sale of this multifamily property was facilitated by brokers Johnny Cleator, Tom Jonsson, and Will James.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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