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
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.
Players
Los Angeles 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93