Updated Sep 9, 2024
Sean E. & Shire L. Wachtel Acquire Multifamily Property At 148 S. Madison Ave. In Rampart Village For $2.2M
148 South Madison Avenue, Central LA, Los Angeles, CA, USA
$2,225,000
$522/SF
Building Size
4,258 SF
Asset Type
MultiFamily
Closing
May 27, 2020
About this deal
AI
Located in Rampart Village, the multifamily property at 148 S. Madison Ave. has recently been sold. The transaction took place on May 27, 2021, with the sale price matching the asking price of $2,225,000. This property consists of four units and spans across 4,258 square feet. The price per unit is $556,250, and the price per square foot is $523. With a capitalization rate of 5.06%, this transaction marks the successful sale of a valuable asset in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,225,000
- Address: 148 S. Madison Ave.
- Market: Rampart Village
This sale was facilitated by the expertise of Elizabeth Maddox and Ian Maddox, representatives from The 2-4 Unit Specialists. They played an instrumental role in connecting the buyer and seller. Sean E. and Shire L. Wachtel acquired this property, while the seller was 148 Madison.
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
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93