Marcus & Millichap Sells Westlake Multifamily Property For $1.25M With Buyer's Rep Neema Ahadian & Leo Laterza
SOLD
$1,250,000
California
See Similar DealsMultiFamily4,928 SF
Sold 12/12/2018
SOLD
Marcus & Millichap Sells Westlake Multifamily Property For $1.25M With Buyer's Rep Neema Ahadian & Leo Laterza
428 Witmer Street, Los Angeles, CA 90017, USA
See Similar DealsMultiFamily4,928 SF
Sold 12/12/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$253
Total Square Footage:4,928 SF
Transaction Type:Sale
The multifamily property located at 428 Witmer Street in Westlake was sold on December 12, 2018. The property spans 4,928 square feet and was sold for a price of $1,250,000, resulting in a price per square foot of $253.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 428 Witmer Street
- Market: Westlake
- Square Footage: 4,928 sqft
The listing and buyer's agents involved in this transaction were Neema Ahadian and Leo Laterza, representing Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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