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1337 South Bundy Drive

Errol Spiro And Jon Taksa Of Taksa Investment Group Purchase Multifamily Property For $5.95M In Los Angeles
SOLDMultiFamily

Errol Spiro And Jon Taksa Of Taksa Investment Group Purchase Multifamily Property For $5.95M In Los Angeles

1337 South Bundy Drive

$5,950,000

$436/SF

Building Size

13,624 SF

Asset Type

MultiFamily

Closing

Sep 10, 2025

AI

The asset involved in the transaction is a multifamily property located at 1337 South Bundy Drive in the Los Angeles market. The sale was finalized for a total price of $5,950,000, which translates to a price per unit of $495,833, encompassing 12 units. The property offers a total square footage of 13,624, resulting in a price per square foot of $436.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,950,000
  • Units: 12
  • Price Per Unit: $495,833
  • Total Square Footage: 13,624
  • Price Per Square Foot: $436
  • Buyer's Representative: Errol Spiro & Jon Taksa - Taksa Investment Group
  • Seller's Representative: Will Joseph & Rachel Joseph - Joseph Group

Errol Spiro and Jon Taksa represented the buyer in this transaction through Taksa Investment Group, while Will Joseph and Rachel Joseph represented the seller via Joseph Group. This collaboration between the representatives facilitated the successful completion of the sale.

Players

Errol Spiro

Taksa Investment Group

Broker

$45.7M

vol

6 deals

Broker
Taksa Investment Group
Taksa Investment GroupBrokerage
Joseph Group
Joseph GroupBrokerage

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

2.67%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93