$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
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.
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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93