$48.25M Multifamily Sale In Westlake/MacArthur Park With Brokers Josh Kaplan, John Swartz, And Troy Lucero
SOLD
$48,250,000
California
See Similar DealsMultiFamily143,356 SF
Sold 09/19/2019
SOLD
$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
See Similar DealsMultiFamily143,356 SF
Sold 09/19/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$336
Total Square Footage:143,356 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,573,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$171,422.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$228,729.62
Annual Debt Service$2,744,755.39
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