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1159 W 29th St

John Smith Acquires Multifamily Property In Los Angeles For $5M
SOLDMultiFamily

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

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

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.

Players

Davis Saadian

Carolwood Estates

Broker

$86.6M

vol

17 deals

Broker

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