Updated Nov 20, 2023
Neema Ahadian's Marcus & Millichap Sells Westlake Multifamily For $1.6M
230 S Carondelet St, Central LA, Los Angeles, CA, USA
$1,600,000
$253/SF
Building Size
6,307 SF
Asset Type
MultiFamily
Closing
Dec 12, 2018
About this deal
AI
The multifamily property located at 230 S. Carondelet St. in Westlake has been sold in a closed transaction. The property spans 6,307 square feet and was listed at a price of $1,600,000, resulting in a price per square foot of $253.69.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $1,600,000
- Square Feet: 6,307
- Market: Westlake
The listing agent for this sale was Neema Ahadian, representing Marcus & Millichap.
The multifamily sale at 230 S Carondelet St, Central LA, Los Angeles, CA, USA in Los Angeles, California sold for $1.6M in 2018. The building is 6,307 square feet, implying about 253 per square foot on the published price. Neema Ahadian, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Los Angeles, California file for the 230 S Carondelet St, Central LA, Los Angeles, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 230 S Carondelet St, Central LA, Los Angeles, CA, USA around 2018. Published consideration for 230 S Carondelet St, Central LA, Los Angeles, CA, USA is $1.6M, dated 2018. Cite this Neema Ahadian's Marcus & Millichap Sells Westlake Multifamily For $1.6M sale when underwriting similar multifamily product around Los Angeles, California.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93