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
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.
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