facebook
Traded Co logo
Submit

Will James & Tom Jonsson Acquire Multifamily Property On South Commonwealth Ave, Los Angeles For $5.4M

Property Image
SOLD
$5,400,000
Will James
Tom Jonsson

California

See Similar Deals
MultiFamily12,428 SF
Sold 08/31/2021
the dealplayerscompscontact
Property Image
SOLD

Will James & Tom Jonsson Acquire Multifamily Property On South Commonwealth Ave, Los Angeles For $5.4M

220 S Commonwealth Ave, Los Angeles, CA, USA

See Similar Deals
MultiFamily12,428 SF
Sold 08/31/2021
Will James
Tom Jonsson
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$434
Total Square Footage:12,428 SF
Transaction Type:Sale

The multifamily property located at 220 S. Commonwealth Ave. in Los Angeles has been sold for $5,400,000. This property consists of 24 units, with a price per unit of $225,000. The total square footage of the property is 12,428, resulting in a price per square foot of $435. The transaction had a cap rate of 4.50%.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $5,400,000
  • Units: 24
  • Price Per Unit: $225,000
  • Square Footage: 12,428
  • Price Per Square Foot: $435
  • Cap Rate: 4.50%
  • Address: 220 S. Commonwealth Ave.
  • Market: Los Angeles

The sale of this property was facilitated by brokers Will James and Tom Jonsson.

Players

Tom Jonsson
James Capital Advisors
Tom Jonsson
8 deals$32.8M volume
BROKER
Will James
James Capital Advisors
Will James
8 deals$32.8M volume
BROKER

Details

SOLD
IMAGE: Will James & Tom Jonsson DATE: 08/31/2021 ADDRESS: 220 S. Commonwealth Ave. MARKET: Los Angeles ASSET TYPE: Multifamily BROKERS: Will James & Tom Jonsson (@TomJonssonCRE) SALE PRICE: $5,400,000 UNITS: 24 ~ PPU: $225,000 SF: 12,428 ~ PPSF: $435 CAP RATE: 4.50%

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$288,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06