Everett Wong Represents Courtney Coleman In $4.6M Mid-Wilshire Multifamily Sale
1241 South Dunsmuir Avenue, Los Angeles, California 90019, United States
$4,605,000
$372/SF
Building Size
12,364 SF
Asset Type
MultiFamily
Closing
Jun 21, 2022
AI
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.
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
3.44%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93