Arin Gharibian & Roy Harel Sell Multifamily Property In Koreatown For $5.5M
1029 South Mariposa Avenue, Central LA, Los Angeles, CA, USA
$5,500,000
$233/SF
Building Size
23,596 SF
Asset Type
MultiFamily
Closing
Sep 29, 2019
AI
The transaction involved a multifamily property located at 1019-1029 S Mariposa Ave in Koreatown. The property was sold for a price of $5,500,000. It spans over an area of 23,596 square feet, resulting in a price per square foot of $233. The sale was finalized on 09/30/19.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Square Footage: 23,596
- Price Per Square Foot: $233
- Address: 1019-1029 S Mariposa Ave
- Market: Koreatown
The brokers responsible for facilitating this transaction were Arin Gharibian and Roy Harel.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93