Neema Ahadian & Leo Laterza Acquire Koreatown Multifamily For $2.6M
127 North Edgemont Street, Los Angeles, CA, USA
$2,610,000
$346/SF
Building Size
7,543 SF
Asset Type
MultiFamily
Closing
Aug 29, 2019
AI
A multifamily property located at 127 North Edgemont Street in Koreatown was recently sold. The property consists of 12 units and has a total square footage of 7,543. The sale took place on August 30, 2019, with a selling price of $2,610,000. This equates to a price per square foot of $346. The average price per unit was $217,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,610,000
- Address: 127 North Edgemont Street
- Market: Koreatown
The Neema Group, represented by brokers Neema Ahadian and Leo Laterza, facilitated the sale of this multifamily property. They played a key role in the transaction, ensuring a successful deal for all parties involved.
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
6.08%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93