Marcus & Millichap Facilitates $2.36M Multifamily Sale In Koreatown, Los Angeles
1322 S Catalina St, Los Angeles, CA 90006, USA
$2,360,000
$23/SF
Building Size
100,660 SF
Asset Type
MultiFamily
Closing
Oct 1, 2020
AI
A multifamily property located at 1322 South Catalina Street in Koreatown, Los Angeles has been sold for a price of $2,360,000. The property spans over 10,066 square feet, resulting in a price per square foot of $234.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,360,000
- Date: 10/02/2020
- Market: Koreatown, Los Angeles
The sale of this multifamily property was facilitated by Neema Ahadian and Leo Laterza from Marcus & Millichap. They represented the buyer and seller 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
6.72%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93