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:
- Property Type: Multifamily
- Transaction Amount: $2,395,000
- Units: 9
- Price Per Unit: $266,111
- Square Footage: 6,193
- Price Per Square Foot: $387
- Buyer's Representative: Juanita Tiu - Power Brokers
- Seller's Representative: James Gilb - Lee & Associates
The deal involved Juanita Tiu representing the buyer and James Gilb representing the seller, facilitating the successful transaction of the multifamily asset.
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
6.62%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93