Jon Swire Acquires 16-Unit Multifamily Property In Los Angeles For $3.5M
1814 S Wilton Pl, Los Angeles, CA, USA
$3,500,000
$322/SF
Building Size
10,862 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
AI
Located in Los Angeles, the multifamily property at 1814 S. Wilton Pl. was recently sold for a transaction price of $3,500,000. The sale, which took place on November 18, 2021, involved a total of 16 units with an average price per unit (PPU) of $218,750. Spanning across 10,862 square feet, the property was sold at a price per square foot (PPSF) of $322.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Units: 16
- PPU: $218,750
- SF: 10,862
- PPSF: $322
The seller of the property was Gary Goren, while the buyer was Jon Swire. The transaction was facilitated by brokers Zac Freehling, Jason Shenitzer, and Tyler Farrar from Pacific Partners Real Estate Investments.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93