Updated Dec 21, 2023
Sagiv Rosano Acquires 37-Unit Multifamily Property On S. Lake Street In Westlake For $5.36M
1214 South Lake Street, Central LA, Los Angeles, CA, USA
$5,360,000
$262/SF
Building Size
20,460 SF
Asset Type
MultiFamily
Closing
Jul 15, 2021
About this deal
AI
The multifamily property located at 1214 S. Lake Street in Westlake has been sold in a closed transaction. The property consists of 37 units with a total square footage of 20,460. The sale price for this transaction was $5,360,000, resulting in a price per unit of $144,864 and a price per square foot of $261. The deal was closed with a capitalization rate (CAP) of 4.04%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,360,000
- Address: 1214 S. Lake Street
- Market: Westlake
- Units: 37
- Price per Unit: $144,864
- Square Footage: 20,460
- Price per Square Foot: $261
- Capitalization Rate (CAP): 4.04%
The buyer for this transaction is Sagiv Rosano, while the seller is Peter Larsen. The deal was facilitated by brokers Neema Ahadian and Leo Laterza.
On the Map
$5,360,000
$262/SF
MultiFamily
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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
2.96%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93