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Tower Lane Capital Acquires Multifamily Asset In Mar Vista For $8.1M

Property Image
SOLD
$8,100,000
John Swartz
MM
GG

California

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MultiFamily11,979 SF
Sold 12/23/2021
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Property Image
SOLD

Tower Lane Capital Acquires Multifamily Asset In Mar Vista For $8.1M

12770 Caswell Avenue, Los Angeles, California 90066, United States

See Similar Deals
MultiFamily11,979 SF
Sold 12/23/2021
John Swartz
MM
GG
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$676
Total Square Footage:11,979 SF
Transaction Type:Sale

An 11-unit multifamily property located at 12770 Caswell Ave in Mar Vista has been sold for a total of $8,100,000. The transaction took place on December 23, 2021. The property spans 11,979 square feet, with each unit having an average price of $736,363. The price per square foot is $676.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,100,000
  • Address: 12770 Caswell Ave
  • Market: Mar Vista
  • Units: 11
  • Price per Unit: $736,363
  • Square Feet: 11,979
  • Price per Square Foot: $676

Tower Lane Capital, represented by Michael Maltzman and Garrett Green, acted as the buyer in this transaction. The sale was facilitated by John Swartz of Transwestern.

Players

John Swartz
Compass
John Swartz
19 deals$137.6M volume(310) 779-9929
BROKER
MM
Michael Maltzman
9 deals$44.6M volume
BUYER
GG
Garrett Green
3 deals$28.2M volume
BUYER

Details

SOLD
IMAGE: Michael Maltzman & Garrett Green DATE: 12/23/2021 ADDRESS: 12770 Caswell Ave MARKET: Mar Vista ASSET TYPE: Multifamily BUYER: Tower Lane Capital - Michael Maltzman (@MMaltzman) & Garrett Green (@GG_____) BROKER: John Swartz (@MultifamilyLA) - Transwestern SALE PRICE: $8,100,000 UNITS: 11 ~ PPU: $736,363 SF: 11,979 ~ PPSF: $676

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$28,777.59
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