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1220 South Manhattan Place

Emanuel Shirazi Acquires 8-Unit Multifamily In Koreatown, Los Angeles For $1.8M
SOLDMultiFamily

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

John Swartz

Compass

Broker

$137.6M

vol

19 deals

Broker

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