Champion Real Estate Co. Acquires Student Housing In Los Angeles For $16.7M
SOLD
$16,700,000
California
See Similar DealsSold 08/09/2022
SOLD
Champion Real Estate Co. Acquires Student Housing In Los Angeles For $16.7M
624 West 28th Street, Los Angeles, California 90007, United States
See Similar DealsSold 08/09/2022
Summary
CALIFORNIA
Transaction Type:Sale
The student housing property located at 624 West 28th St. and 2715 Portland St. in Los Angeles has been sold for a transaction price of $16,700,000. The sale was completed on 08/09/2022.
Summary of transaction details:
- Property Type: Student housing
- Transaction Amount: $16,700,000
- Market: Los Angeles
Сhampion Real Estate Co., represented by Garrett Champion, acquired the property. The buyer was assisted by brokers Michael Fukushima and Stephen F. Watson from Keller Williams.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$890,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,331.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,166.52
Annual Debt Service$949,998.24
Is there something missing? Send suggestions