Updated Oct 28, 2024
Amusement Industry Inc Acquires Multifamily Property In Macarthur Park For $15.2M
807 South Westlake Avenue, Los Angeles, California 90057, United States
$15,200,000
$264/SF
Building Size
57,498 SF
Asset Type
MultiFamily
Closing
May 26, 2022
About this deal
AI
Located in Macarthur Park, the multifamily property at 807 S. Westlake Ave. and 2014 W. 8th St. has been sold in a closed transaction. The sale, which took place on 05/27/2022, was facilitated by brokers Robert Jacobson and Jay Chu of Secured Properties. The property comprises 86 units with a total of 57,498 square feet. The sale price for this transaction amounted to $15,200,000, resulting in a per unit price of $176,744 and a price per square foot of $264.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,200,000
- Address: 807 S. Westlake Ave. & 2014 W. 8th St.
- Market: Macarthur Park
The buyer for this transaction was Amusement Industry Inc, represented by Yanki Greenspan. The seller, Westlake Investment Properties, was represented by Elie Laskar. The brokers involved in the deal were Robert Jacobson and Jay Chu from Secured Properties. This transaction showcases the active real estate market in Macarthur Park and highlights the successful collaboration between the parties involved.
On the Map
$15,200,000
$264/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93