Matthew Farzam Acquires Multifamily Property In Los Angeles For $1.75M
SOLD
$1,750,000
California
See Similar DealsMultiFamily5,031 SF
Sold 11/29/2021
SOLD
Matthew Farzam Acquires Multifamily Property In Los Angeles For $1.75M
1209 South Wooster Street, Los Angeles, CA 90035, USA
See Similar DealsMultiFamily5,031 SF
Sold 11/29/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$347
Total Square Footage:5,031 SF
Transaction Type:Sale
The multifamily property located at 1209 S. Wooster St. in Los Angeles has been sold for a price of $1,750,000. The transaction took place on November 29, 2021. The property consists of two units with a total square footage of 5,031. The purchase price per unit was $875,000, and the price per square foot was $347.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 2
- Price per Unit: $875,000
- Square Footage: 5,031
- Price per Square Foot: $347
- Buyer: Matthew Farzam
- Seller: Herwig Baumgartner, Anna Baumgartner, Brian Zamora, and Anne Zamora
- Brokers: Jay Martinez & Darin Spillman - Hudson Partners
Represented by Jay Martinez and Darin Spillman of Hudson Partners, the sale was finalized between Matthew Farzam, the buyer, and the sellers: Herwig Baumgartner, Anna Baumgartner, Brian Zamora, and Anne Zamora.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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