Updated Dec 21, 2023
Matthew Farzam Acquires Multifamily Property In Los Angeles For $1.75M
1209 South Wooster Street, Los Angeles, CA 90035, USA
$1,750,000
$347/SF
Building Size
5,031 SF
Asset Type
MultiFamily
Closing
Nov 29, 2021
About this deal
AI
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.
On the Map
$1,750,000
$347/SF
MultiFamily
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93