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.
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