Updated Sep 9, 2024
Phil Lin Acquires USC Student Housing For $3.15M With Keller Williams Beverly Hills Brokers
37 Saint James Place, Los Angeles, California 90007, United States
$3,150,000
$420/SF
Building Size
7,500 SF
Asset Type
—
Closing
Jan 5, 2022
About this deal
AI
The student housing property located at 1189 W. 37th Pl. and 1422 W. 29th St. has been sold in a transaction within the USC Student Housing market. The property spans 7,500 square feet and was sold for a total price of $3,150,000, resulting in a price per square foot of $420. The sale took place on January 5, 2022.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $3,150,000
- Address: 1189 W. 37th Pl. & 1422 W. 29th St.
- Market: USC Student Housing
- Buyer: Phil Lin
- Seller: Gary Kopel
- Brokers: Davis Saadian & Adam Shamooelian - Keller Williams Beverly Hills
The sale was facilitated by Davis Saadian and Adam Shamooelian of Keller Williams Beverly Hills, who represented the buyer and seller, respectively. Phil Lin acted as the buyer in the transaction, while Gary Kopel served as the seller. The transaction demonstrates the strong demand for student housing within the USC market.
On the Map
$3,150,000
$420/SF
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Players
Los Angeles CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93