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
$1,250,000
$253/SF
Building Size
4,928 SF
Asset Type
MultiFamily
Closing
Dec 11, 2018
AI
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.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93