Anargyros Caloyeras Acquires Multifamily Property In West LA For $2.81M
1549 South Westgate Avenue, Los Angeles, CA 90025
$2,810,000
$486/SF
Building Size
5,771 SF
Asset Type
MultiFamily
Closing
Dec 23, 2021
AI
A multifamily property located at 1549 S. Westgate Avenue in West LA has been sold in a recent transaction. The property consists of 9 units spread over approximately 5,771 square feet. The sale price for this transaction was $2,810,000, resulting in a price per unit of $312,222, and a price per square foot of $486.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,810,000
- Address: 1549 S. Westgate Avenue
- Market: West LA
- Buyer: Anargyros Caloyeras
- Seller: Roberta Spero
- Brokers: Yoni Salem, Jeff Louks & Casey Lins
- Units: 9
- Square Footage: 5,771
- Price per Unit: $312,222
- Price per Square Foot: $486
The buyer, Anargyros Caloyeras, acquired the property from the seller, Roberta Spero. The deal was facilitated by brokers Yoni Salem, Jeff Louks, and Casey Lins. This transaction closed on December 23, 2021.
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
5.65%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93