Updated Oct 28, 2024
Tower Lane Capital Acquires Multifamily Asset In Mar Vista For $8.1M
12770 Caswell Avenue, Los Angeles, California 90066, United States
$8,100,000
$676/SF
Building Size
11,979 SF
Asset Type
MultiFamily
Closing
Dec 23, 2021
About this deal
AI
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.
On the Map
$8,100,000
$676/SF
MultiFamily
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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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93