Everett Wong Represents Courtney Coleman In $4.6M Mid-Wilshire Multifamily Sale
SOLD
$4,605,000
California
See Similar DealsMultiFamily12,364 SF
Sold
SOLD
Everett Wong Represents Courtney Coleman In $4.6M Mid-Wilshire Multifamily Sale
1241 South Dunsmuir Avenue, Los Angeles, California 90019, United States
See Similar DealsMultiFamily12,364 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$372
Total Square Footage:12364 SF
Transaction Type:Sale
The multifamily property located at 1241 & 1247 S. Dunsmuir Ave in the Mid-Wilshire market has been sold for $4,605,000. The transaction took place on 06/22/2022. The property consists of 16 units with an average price per unit (PPU) of $287,812. The total square footage of the property is 12,364, resulting in a price per square foot (PPSF) of $372.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,605,000
- Units: 16
- PPU: $287,812
- Square Footage: 12,364
- PPSF: $372
The seller of the property is Courtney Coleman. The brokerage firm Greysteel, represented by Everett Wong, facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,360.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,830.05
Annual Debt Service$261,960.59
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