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
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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