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
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.
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