Updated Dec 18, 2023
$48.25M Multifamily Sale In Westlake/MacArthur Park With Brokers Josh Kaplan, John Swartz, And Troy Lucero
131 South Burlington Avenue, Los Angeles, CA, USA
$48,250,000
$336/SF
Building Size
143,356 SF
Asset Type
MultiFamily
Closing
Sep 18, 2019
About this deal
AI
The multifamily property located at 131, 143, and 171 S Burlington Ave in the Westlake/MacArthur Park market was recently sold for a total price of $48,250,000. The property consists of 192 units and covers a total square footage of 143,356. The price per square foot for this transaction was $336.57, and the price per unit came out to be $251,302.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $48,250,000
- Address: 131, 143, 171 S Burlington Ave
- Market: Westlake/MacArthur Park
The sale of this multifamily property was facilitated by Josh Kaplan, John Swartz, and Troy Lucero, who represented the parties involved in this transaction.
On the Map
$48,250,000
$336/SF
MultiFamily
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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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93