Will James & Tom Jonsson Acquire Multifamily Property On South Commonwealth Ave, Los Angeles For $5.4M
220 South Commonwealth Avenue
MultiFamily
12,428 SF
12,428 SF
Summary
The multifamily property located at 220 S. Commonwealth Ave. in Los Angeles has been sold for $5,400,000. This property consists of 24 units, with a price per unit of $225,000. The total square footage of the property is 12,428, resulting in a price per square foot of $435. The transaction had a cap rate of 4.50%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Units: 24
- Price Per Unit: $225,000
- Square Footage: 12,428
- Price Per Square Foot: $435
- Cap Rate: 4.50%
- Address: 220 S. Commonwealth Ave.
- Market: Los Angeles
The sale of this property was facilitated by brokers Will James and Tom Jonsson.
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220 South Commonwealth Avenue
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