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

Property Image
SOLD
$2,395,000
James (Jim) Gilb
Juanita Tiu

California

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MultiFamily6,193 SF
Sold 09/09/2024
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Property Image
SOLD

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

12610 Caswell Avenue

See Similar Deals
MultiFamily6,193 SF
Sold 09/09/2024
James (Jim) Gilb
Juanita Tiu
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$386
Total Square Footage:6,193 SF
Transaction Type:Sale

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 (Jim) Gilb
Lee & Associates
James Gilb
3 deals$14.3M volume
BROKER
Juanita Tiu
Juanita Tiu
1 deal$2.4M volume(310) 930-5919
BROKER

Details

SOLD
IMAGE: Juanita Tiu & James Gilb DATE: 09/09/2024 ADDRESS: 12610 Caswell Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER'S REP: Juanita Tiu - Power Brokers SELLER'S REP: James Gilb - Lee & Associates (@LeeAssociatesRE) SALE PRICE: $2,395,000 UNITS: 9 ~ PPU: $266,111 SF: 6,193 ~ PPSF: $387 NOTE: 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, featuring seven 1-bedroom and two 2-bedroom units, offers laundry facilities, nine parking spaces, and is located near the Silicon Beach tech hub, enhancing its investment appeal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,508.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,353.52
Annual Debt Service$136,242.26