Updated Dec 21, 2023
West Los Angeles Multifamily Sells For $7.5M With Taksa & Renshaw As Brokers
1533 Amherst Avenue, Sawtelle, Los Angeles, CA, USA
$7,500,000
$502/SF
Building Size
14,925 SF
Asset Type
MultiFamily
Closing
Apr 14, 2020
About this deal
AI
A rare 1980's multifamily property in West Los Angeles has been sold off-market for the price of $7,500,000. Located at 1533 Amherst Avenue, the property consists of 23 units with a total area of 14,925 square feet. This translates to a price per square foot of $502.51. The seller, a long term owner, was motivated to sell in order to execute a 1031 exchange.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Address: 1533 Amherst Avenue, West Los Angeles
- Market: West Los Angeles
The sale of this prime property was facilitated by brokers Jonathan Taksa and Robert Renshaw. They successfully negotiated the deal, representing the buyer and seller respectively.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93