John Smith Acquires Multifamily Property In Los Angeles For $5M
SOLD
$5,000,000
+ 1
California
See Similar DealsMultiFamily4,300 SF
Sold
SOLD
John Smith Acquires Multifamily Property In Los Angeles For $5M
1159 W 29th St
See Similar DealsMultiFamily4,300 SF
Sold
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1162
Total Square Footage:4300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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