Updated Oct 28, 2024
Chestnut Holding Acquires Multifamily Property In Westlake For $10.15M
557 South Rampart Boulevard, Los Angeles, California 90057, United States
$10,150,000
$318/SF
Building Size
31,845 SF
Asset Type
MultiFamily
Closing
Apr 17, 2022
About this deal
AI
A multifamily property located at 557 S. Rampart Blvd. in the Westlake market has been sold for $10,150,000. The property consists of 66 units, with a price per unit of $153,787. The total square footage of the property is 31,845, with a price per square foot of $318.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,150,000
- Address: 557 S. Rampart Blvd.
- Market: Westlake
The buyer of the property is Chestnut Holding, while the seller is Alex Galuz. The transaction was facilitated by Alex Galuz from Keller Williams Calabasas.
On the Map
$10,150,000
$318/SF
MultiFamily
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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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93