Updated Oct 28, 2024
DPM Property Management Acquires Mixed-Use Property For $7.75M In Koreatown
301 South Vermont Avenue, Los Angeles, California 90020, United States
$7,750,000
$234/SF
Building Size
33,000 SF
Asset Type
Mixed-use
Closing
Jan 27, 2022
About this deal
AI
A mixed-use property located at 301 S. Vermont & 3518 W. 3rd St. in Koreatown has been sold for a total price of $7,750,000. The property spans approximately 33,000 square feet and was acquired by DPM Property Management. The transaction was completed on January 28, 2022. The sale price per square foot is calculated to be $234.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,750,000
- Buyer: DPM Property Management
- Seller: Carole Cramer
- Broker: Michael Mikail - Rodeo Realty Inc.
Michael Mikail, representing Rodeo Realty Inc., facilitated the transaction between the buyer, DPM Property Management, and the seller, Carole Cramer. Carole Cramer agreed to sell the mixed-use property to DPM Property Management for a price of $7,750,000. DPM Property Management will now take ownership of the property located at 301 S. Vermont & 3518 W. 3rd St. in Koreatown.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93