Stephanie Kim Purchases Multifamily Asset From Thomas James Homes In Los Angeles For $4.35M
124 North Manhattan Place
$4,350,000
$805/SF
Building Size
5,400 SF
Asset Type
MultiFamily
Closing
Jul 17, 2024
AI
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.
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93