Tony Azzi And Jennifer Sotelo Acquire Multifamily Building In Koreatown For $12.24M
134 North Mariposa Avenue
$12,240,000
$347/SF
Building Size
35,216 SF
Asset Type
MultiFamily
Closing
Aug 6, 2021
AI
A multifamily property located at 134 N. Mariposa in Koreatown has been sold for a total price of $12,240,000. The property consists of 44 units with an average price per unit of $278,181. The total square footage of the property is 35,216 with a price per square foot of $347.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,240,000
- Address: 134 N. Mariposa
- Market: Koreatown
- Units: 44
- Price per Unit: $278,181
- Square Footage: 35,216
- Price per Square Foot: $347
The seller of the property is David Freeman. David Leibowitz and Sev Amranyan represented the seller in the transaction, while Tony Azzi and Jennifer Sotelo were the buyer's representatives.
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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93