Redondo Five LA Acquires New Construction Luxury Multi-Family Project For $5.6M
2015 S Redondo Blvd, Los Angeles, CA, USA
$5,575,250
$470/SF
Building Size
11,855 SF
Asset Type
MultiFamily
Closing
Jan 5, 2021
AI
A new construction luxury multi-family/small-lot subdivision project located at 2015 S. Redondo Blvd in Los Angeles was recently sold for a total price of $5,575,250. The property consists of 5 units and is considered a high-end development in the market.
Summary of transaction details
- Property Type: New Construction Luxury Multi-Family / Small-lot Subdivision Project
- Transaction Amount: $5,575,250
- Units: 5
- Address: 2015 S. Redondo Blvd
- Market: Los Angeles
The buyer of this property was Redondo Five LA, while the seller was Wystein Opportunity Fund. The buyer was represented by Jake Zacuto, Andrew Sinasohn, and Connor Sears from Zacuto Group. On the seller's side, the representative was Paul Wylie from Lamerica.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93