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1549 South Westgate Avenue,...

Anargyros Caloyeras Acquires Multifamily Property In West LA For $2.81M
SOLDMultiFamily

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

Jeff Louks

Marcus & Millichap

Broker

$337.6M

vol

33 deals

Broker

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