TJC Real Estate Fund 1 LP Sells Westchester Multifamily For $10.35M
6908 Knowlton Place, Westchester, Los Angeles, CA, USA
$10,350,000
$454/SF
Building Size
22,786 SF
Asset Type
MultiFamily
Closing
Aug 14, 2019
AI
A multifamily property located at 6908 Knowlton Place in Westchester has been sold for $10,350,000. The property spans 22,786 square feet and has 18 units, resulting in a price per square foot of $454.23. The transaction was completed on 08/15/2019.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,350,000
- Address: 6908 Knowlton Place
- Market: Westchester
- Square Footage: 22,786
- Price per Square Foot: $454.23
- Number of Units: 18
The seller of the property is TJC Real Estate Fund 1 LP. The deal was facilitated by Dario Svidler from Compass Commercial & PartnersCRE and Edmond Bina from KW Commercial.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93