Emanuel Shirazi Acquires 8-Unit Multifamily In Koreatown, Los Angeles For $1.8M
1220 South Manhattan Place
$1,800,000
$348/SF
Building Size
5,166 SF
Asset Type
MultiFamily
Closing
Sep 19, 2022
AI
The multifamily property located at 1220 S Manhattan Place in Koreatown, Los Angeles, CA has been sold for $1,800,000. The property consists of 8 units with an average price per unit of $225,000. It spans across 5,166 square feet, resulting in a price per square foot of $348.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 1220 S Manhattan Place, Koreatown, Los Angeles, CA
- Number of Units: 8
- Price per Unit: $225,000
- Total Square Footage: 5,166
- Price per Square Foot: $348
Emanuel Shirazi has acquired the property from Debbie Walker. The sale was facilitated by John Swartz and Scott Syme of True North Commercial Real Estate, who represented the seller. The transaction was conducted through Compass.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93