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
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