Updated Dec 21, 2023
RE/MAX Commercial & Investment Realty Acquires Multifamily Asset On Fairfax Ave For $15M
830 South Fairfax Avenue, Central LA, Los Angeles, CA, USA
$15,000,000
$456/SF
Building Size
32,885 SF
Asset Type
MultiFamily
Closing
Apr 4, 2019
About this deal
AI
The multifamily property located at 830 S. Fairfax Ave in the Mid-Wilshire market has recently been sold for a price of $15,000,000. The property spans a total area of 32,885 square feet, resulting in a price per square foot of $456.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Address: 830 S. Fairfax Ave
- Market: Mid-Wilshire
- Square Footage: 32,885
- Price per Square Foot: $456
The sale of the property was facilitated by Jonathan Taksa of RE/MAX Commercial & Investment Realty, Inc.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93