Updated Sep 9, 2024
John Smith Acquires Multifamily Property In Los Angeles For $5M
1159 W 29th St
$5,000,000
$1,162/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Nov 14, 2022
About this deal
AI
The multifamily property located at 1159 W 29th St in Los Angeles, CA has been sold. The property spans 4,300 square feet and was sold for a total price of $5,000,000, resulting in a price per square foot of $1,162.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 1159 W 29th St, Los Angeles, CA
- Market: Los Angeles, CA
- Buyer: John Smith
- Seller: Taeko Lei
- Brokers: Davis Saadian, Petra Sebestyen, and Lara Alnaser - Davis Saadian Group
The transaction was completed on November 14, 2022. Davis Saadian, Petra Sebestyen, and Lara Alnaser from the Davis Saadian Group represented the buyer and seller in the deal. They played a crucial role in facilitating the successful transaction.
On the Map
$5,000,000
$1,162/SF
MultiFamily
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Players
Lorain 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93