Updated Oct 28, 2024
MP Partners Acquires Multifamily Property In Los Angeles For $25.5M
340 South La Fayette Park Place, Los Angeles, CA 90057, USA
$25,500,000
$288/SF
Building Size
88,315 SF
Asset Type
MultiFamily
Closing
Sep 6, 2021
About this deal
AI
A multifamily property located at 340 S. La Fayette Park Place in Los Angeles has been sold for a price of $25,500,000. The property consists of 100 units with an average price per unit of $255,000. It spans a total square footage of 88,315, resulting in a price per square foot of $288. The transaction took place on September 6, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $25,500,000
- Address: 340 S. La Fayette Park Place
- Market: Los Angeles
- Units: 100
- Price per Unit: $255,000
- Total Square Footage: 88,315
- Price per Square Foot: $288
The buyer of the property is MP Partners represented by Shannon Abbott. The seller is Bristol Garden Investors represented by Lawrence Lew. The transaction was facilitated by Rick Raymundo, a broker from Marcus & Millichap.
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93