DSM Washington LLC Acquires Multifamily Asset From Sola Impact Fund II For $3.25M In Los Angeles
300 E Washington Blvd
$3,250,000
$193/SF
Building Size
16,777 SF
Asset Type
MultiFamily
Closing
Aug 6, 2024
AI
The asset involved in this transaction is a MultiFamily property located at 300 E Washington Blvd in the Los Angeles market. The property was sold for a total of $3,250,000.00 and encompasses a square footage of 16,777.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,250,000.00
- Address: 300 E Washington Blvd
- Market: Los Angeles
- Square Footage: 16,777.0
- Buyer: DSM Washington LLC
- Seller: Sola Impact Fund II, LP
- Broker: Brandon Evans - Lyon Stahl Investment Real Estate
Brandon Evans represented the buyer, DSM Washington LLC, in this transaction while also facilitating the sale on behalf of the seller, Sola Impact Fund II, LP. This deal reflects the cooperation between the involved parties and their representatives in the completion of the transaction.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93