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115-121 S Carondelet St, Ma...

Westlake Multifamily Sells For $3.8M At 115-121 S. Carondelet St. By Johnny Cleator, Tom Jonsson, & Will James
SOLDMultiFamily

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

$3,800,000

$267/SF

Building Size

14,233 SF

Asset Type

MultiFamily

Closing

Mar 30, 2021

AI

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.

Players

Tom Jonsson

James Capital Advisors

Broker

$32.8M

vol

8 deals

Broker

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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93