Updated Dec 21, 2023
Will James & Tom Jonsson Acquire Multifamily Property On South Commonwealth Ave, Los Angeles For $5.4M
220 S Commonwealth Ave, Los Angeles, CA, USA
$5,400,000
$434/SF
Building Size
12,428 SF
Asset Type
MultiFamily
Closing
Aug 31, 2021
About this deal
AI
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
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93