facebook
Traded Co logo
Submit
Daily limit: 0/10

1315 South Flower LLC Sells Multifamily Property In Los Angeles For $10 Million With Kitty Wallace

Property Image
SOLD
$10,000,000

California

See Similar Deals
MultiFamily
Sold 05/21/2026
the dealplayerscompscontact
Property Image
SOLD

1315 South Flower LLC Sells Multifamily Property In Los Angeles For $10 Million With Kitty Wallace

1315 South Flower Street

See Similar Deals
MultiFamily
Sold 05/21/2026
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multifamily property located at 1315 South Flower Street in Los Angeles, CA, with a sale price of $10,000,000. The asset consists of 25 units, resulting in a price per unit of $400,000. The property is significant as it represents a transaction involving a 1940s-era apartment asset in the submarket.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,000,000
  • Units: 25
  • Price per Unit: $400,000
  • Seller: 1315 South Flower, LLC
  • Broker: Kitty Wallace - Colliers

The sale was brokered by Kitty Wallace from Colliers, marking a noteworthy transaction as it was the only one in the past year involving a property of this scale with 25-plus units. The deal closed after a three-week due diligence period and one-month escrow.

Players

Kitty Wallace
Colliers
Kitty Wallace
23 deals$759.8M volume
BROKER

Details

SOLD
IMAGE: Kitty Wallace DATE: 05/21/2026 ADDRESS: 1315 South Flower Street MARKET: Los Angeles, CA ASSET TYPE: Multifamily SELLER: 1315 South Flower, LLC BROKER: Kitty Wallace - Colliers (@ColliersInternational) SALE PRICE: $10,000,000 UNITS: 25 ~ PPU: $400,000 NOTE: Colliers brokered the sale of Oviatt Apartments, a multifamily property in downtown Los Angeles, on behalf of seller 1315 South Flower, LLC to an undisclosed private buyer, marking the only transaction in the past year involving a 25-plus-unit, 1940s-era apartment asset in the submarket. The deal closed after a three-week due diligence period and one-month escrow, achieving a record basis of about $80,000 per SRO unit and $800 per square foot of land as a new investor entered the Southern California multifamily market.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22