Koreatown Multifamily Sells For $12.56M With Brokers Cory Stehr & Cole Martens
1057 South Western Avenue, Los Angeles, CA 90006, USA
$12,560,000
$245/SF
Building Size
51,116 SF
Asset Type
MultiFamily
Closing
Feb 14, 2019
AI
A multifamily property located at 1057 S Western Ave in Koreatown has been sold for $12,560,000. The property consists of 76 units, with a total square footage of 51,116. The sale price per square foot was $246, and the price per unit was $165,263. The transaction took place on February 15, 2019.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,560,000
- Address: 1057 S Western Ave
- Market: Koreatown
- Square Footage: 51,116
- Price per Square Foot: $246
- Units: 76
- Price per Unit: $165,263
The brokers involved in the deal were Cory Stehr and Cole Martens.
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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93