Updated Sep 9, 2024
USC Student Housing Acquired For $4.8M At 1200 W. 29th St, Los Angeles
1200 West 29th Street, Los Angeles, CA 90007, USA
$4,800,000
$726/SF
Building Size
6,607 SF
Asset Type
MultiFamily
Closing
Mar 24, 2019
About this deal
AI
A multifamily property located at 1200 W. 29th St has been sold for $4.8 million. The property consists of 19 bedrooms and is specifically used as USC Student Housing. It has a total square footage of 6,607, resulting in a price per square foot of $726.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4.8M
- Square Footage: 6,607
- Price per Square Foot: $726
- Address: 1200 W. 29th St
The deal was facilitated by Davis Saadian of the representing brokerage Davis Saadian.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93