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127 North Edgemont Street, ...

Neema Ahadian & Leo Laterza Acquire Koreatown Multifamily For $2.6M
SOLDMultiFamily

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

Leonardo Laterza

Marcus & Millichap

Broker

$54.4M

vol

8 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

6.08%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93