Neema Ahadian & Leo Laterza Acquire Koreatown Multifamily For $2.6M
SOLD
$2,610,000
California
See Similar DealsMultiFamily7,543 SF
Sold 08/30/2019
SOLD
Neema Ahadian & Leo Laterza Acquire Koreatown Multifamily For $2.6M
127 North Edgemont Street, Los Angeles, CA, USA
See Similar DealsMultiFamily7,543 SF
Sold 08/30/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$346
Total Square Footage:7,543 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,272.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,372.73
Annual Debt Service$148,472.78
Is there something missing? Send suggestions