Vinny Jain Represents Mark Carson In $2.8M Multifamily Sale, Los Angeles
322 South Swall Drive
$2,825,000
$412/SF
Building Size
6,850 SF
Asset Type
MultiFamily
Closing
Jun 14, 2024
AI
The property at 322 South Swall Drive in Los Angeles was sold for $2,825,000. The multifamily asset consists of 5 units with a total square footage of 6,850. The price per unit was $565,000, and the price per square foot was $412.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,825,000
- Address: 322 South Swall Drive
- Market: Los Angeles
- Seller: Mark Carson
- Broker: Vinny Jain - Ingenious Asset Group
Vinny Jain from Ingenious Asset Group represented the seller, Mark Carson, in the transaction of the multifamily property. The deal was finalized on June 14, 2024.
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
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93