Updated Oct 28, 2024
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
About this deal
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.
The commercial sale at 624 West 28th Street, Los Angeles, California 90007, United States in Los Angeles, California sold for $16.7M in 2022. Stephen F. Watson, Michael Fukushima, Garrett Champion, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Los Angeles, California file for the 624 West 28th Street, Los Angeles, California 90007, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles commercial set by closing date to see what else sold near 624 West 28th Street, Los Angeles, California 90007, United States around 2022. Published consideration for 624 West 28th Street, Los Angeles, California 90007, United States is $16.7M, dated 2022. Cite this Champion Real Estate Co. Acquires Student Housing In Los Angeles For $16.7M sale when underwriting similar commercial product around Los Angeles, California.
On the Map
$16,700,000
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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