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1814 S Wilton Pl, Los Angel...

Jon Swire Acquires 16-Unit Multifamily Property In Los Angeles For $3.5M
SOLDMultiFamily

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

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 deals

Broker
Gary Goren

Gary Goren

Seller

$25.7M

vol

8 deals

Seller

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