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12610 Caswell Avenue

Juanita Tiu Of Power Brokers Represents Buyer In Sale Of 9-Unit Multifamily Property For $2.395M
SOLDMultiFamily

Juanita Tiu Of Power Brokers Represents Buyer In Sale Of 9-Unit Multifamily Property For $2.395M

12610 Caswell Avenue

$2,395,000

$386/SF

Building Size

6,193 SF

Asset Type

MultiFamily

Closing

Sep 9, 2024

AI

12610 Caswell Avenue, a 9-unit apartment building in Mar Vista, Los Angeles, sold for $2.395 million, equating to $266,111 per unit and $387 per square foot. The property features seven 1-bedroom and two 2-bedroom units, laundry facilities, nine parking spaces, and is located near the Silicon Beach tech hub.

Summary of transaction details:

The deal involved Juanita Tiu representing the buyer and James Gilb representing the seller, facilitating the successful transaction of the multifamily asset.

Players

James Gilb

Lee & Associates

Broker

$14.3M

vol

3 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.62%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93