Elijah Korobkin And Maxx Feldman Acquire Multifamily In Pico Union For $3.8M
1019 Albany Street, Central LA, Los Angeles, CA, USA
$3,825,000
$241/SF
Building Size
15,870 SF
Asset Type
MultiFamily
Closing
Dec 9, 2019
AI
A multifamily property located at 1019 Albany St and 1412 W 10th Pl in Pico Union has been sold for a price of $3,825,000. The property spans approximately 15,870 square feet, resulting in a price per square foot of $241.02. It consists of 27 units, making the price per unit $141,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,825,000
- Square Footage: 15,870
- Price per Square Foot: $241.02
- Number of Units: 27
- Price per Unit: $141,667
Elijah Korobkin and Maxx Feldman of The Goldfinger Group acted as the buyers in this transaction. The Goldfinger Group, represented by their broker Henry Garcia of KW Commercial, has recently acquired this asset and is actively seeking more properties in Pico Union and the surrounding areas.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93