Marcus & Millichap Facilitates $2.36M Multifamily Sale In Koreatown, Los Angeles
SOLD
$2,360,000
California
See Similar DealsMultiFamily100,660 SF
Sold 10/02/2020
SOLD
Marcus & Millichap Facilitates $2.36M Multifamily Sale In Koreatown, Los Angeles
1322 S Catalina St, Los Angeles, CA 90006, USA
See Similar DealsMultiFamily100,660 SF
Sold 10/02/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$23
Total Square Footage:100,660 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,384.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,187.60
Annual Debt Service$134,251.25
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