CGI Strategies Acquires Multifamily Property In Koreatown For $41.5M
269 South Mariposa Avenue, Central LA, Los Angeles, CA, USA
$41,500,000
$319/SF
Building Size
130,077 SF
Asset Type
MultiFamily
Closing
May 5, 2021
AI
The multifamily property located at 269 South Mariposa Avenue in Koreatown recently underwent a closed transaction. The property consists of 122 units and has been the subject of a loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,500,000
- Address: 269 South Mariposa Avenue
- Market: Koreatown
The lender involved in the transaction was CBRE Global Investors, represented by Charles Kim. The loan was provided for the multifamily property. The landlord for this property is CGI Strategies, represented by Gidi Cohen.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93