Champion Real Estate Co. Acquires Student Housing In Los Angeles For $16.7M
624 West 28th Street, Los Angeles, California 90007, United States
$16,700,000
Building Size
—
Asset Type
—
Closing
Aug 8, 2022
AI
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
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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93