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821 South Wilton Place

Matthew Kanner Brokers $3.725M 20-Unit Multifamily Sale In Los Angeles
SOLDMultiFamily

Matthew Kanner Brokers $3.725M 20-Unit Multifamily Sale In Los Angeles

821 South Wilton Place

$3,725,000

$345/SF

Building Size

10,786 SF

Asset Type

MultiFamily

Closing

Jun 6, 2024

AI

A 20-unit multifamily property at 821 South Wilton Place in Los Angeles was sold for $3,725,000. The property, located in the Hancock Park adjacent submarket, features studios and one-bedroom units with original tile, hardwood flooring, and separate gas and electric meters.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,725,000
  • Units: 20
  • Price per Unit: $186,250
  • Square Footage: 10,786
  • Price per Square Foot: $345
  • Address: 821 South Wilton Place, Los Angeles
  • Market: Los Angeles

Matthew Kanner of Keller WilliamsRealty facilitated the sale of the multifamily property. The transaction presented significant rental upside potential for the buyer and involved units with unique features such as original tile and hardwood flooring.

Players

Matthew Kanner

Keller Williams Realty

Broker

$96.3M

vol

10 deals

Broker

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

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93