Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,395,000
$386/SF
MultiFamily
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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