Updated Dec 4, 2024
Jonothan Wilmer Acquires Multifamily Property In Los Angeles For $12M
6075 Franklin Avenue
$12,000,000
$252/SF
Building Size
47,544 SF
Asset Type
MultiFamily
Closing
Mar 29, 2023
About this deal
AI
The multifamily property located at 6075 Franklin Avenue in Los Angeles has been sold for a total of $12,000,000. The property consists of 71 units, with a price per unit of $169,014. The total square footage of the property is 47,544, with a price per square foot of $252.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Units: 71
- Price per Unit: $169,014
- Square Footage: 47,544
- Price per Square Foot: $252
Jordan Asheghian and Tony Azzi from Marcus & Millichap represented both parties in this transaction. Jonothan Wilmer has purchased the property from Roberta Axelrod.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tony Azzi to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93