Stephanie Kim Purchases Multifamily Asset From Thomas James Homes In Los Angeles For $4.35M
SOLD
$4,350,000
California
See Similar DealsMultiFamily5,400 SF
Sold 07/17/2024
SOLD
Stephanie Kim Purchases Multifamily Asset From Thomas James Homes In Los Angeles For $4.35M
124 North Manhattan Place
See Similar DealsMultiFamily5,400 SF
Sold 07/17/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$805
Total Square Footage:5,400 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 124 North Manhattan Place in the Los Angeles market. It encompasses a total of 4 units within a building that spans 5,400 square feet. The sale price for this asset was $4,350,000, which translates to a price per unit of $1,087,500 and a price per square foot of $806.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Units: 4
- Square Footage: 5,400
- Price Per Unit: $1,087,500
- Price Per Square Foot: $806
- Buyer: Stephanie Kim
- Seller: Thomas James Homes
- Broker 1: Ariel Sayani - Partners CRE
- Broker 2: Jennifer Naim - The Beverly Hills Estates
The deal featured Stephanie Kim as the buyer acquiring the property from seller Thomas James Homes. Ariel Sayani from Partners CRE and Jennifer Naim from The Beverly Hills Estates represented their respective parties in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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