Updated Oct 28, 2024
Adam Corleto Acquires Multifamily Property In Beachwood Canyon For $5.14M
5935 Chula Vista Way, Los Angeles, CA 90068
$5,140,000
$400/SF
Building Size
12,850 SF
Asset Type
MultiFamily
Closing
Dec 13, 2021
About this deal
AI
A multifamily property located at 5935 Chula Vista Way in Beachwood Canyon has been sold for a price of $5,140,000. The property spans 12,850 square feet, resulting in a price per square foot of $400. The sale took place on December 13, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,140,000
- Address: 5935 Chula Vista Way
- Market: Beachwood Canyon
The buyer of the property is Adam Corleto, while the seller is the Abaro Family Trust. The transaction was facilitated by Zac Freehling and David Regalado from Pacific Partners Los Angeles.
On the Map
$5,140,000
$400/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
3.09%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93