Updated Oct 29, 2026
Spring Property Group Sells Multifamily Asset At 816 South Park View Street For $5.25M
816 South Park View Street
$5,250,000
$168/SF
Building Size
31,095 SF
Asset Type
MultiFamily
Closing
Oct 21, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 816 South Park View Street in the Los Angeles market. The sale price was $5,250,000, encompassing a total of 60 units. The property spans a square footage of 31,095, resulting in a price per unit of $87,500 and a price per square foot of $168.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Units: 60
- Square Footage: 31,095
- Price Per Unit: $87,500
- Price Per Square Foot: $168
- Seller: Spring Property Group
- Broker: Luc Whitlock - JLL
JLL represented both the Buyer and Seller in this transaction, with Luc Whitlock serving as the broker for the deal.
On the Map
$5,250,000
$168/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93