Tony Azzi And Jennifer Sotelo Acquire Multifamily Building In Koreatown For $12.24M
SOLD
$12,240,000
+ 2
California
See Similar DealsMultiFamily35,216 SF
Sold 08/06/2021
SOLD
Tony Azzi And Jennifer Sotelo Acquire Multifamily Building In Koreatown For $12.24M
134 North Mariposa Avenue
See Similar DealsMultiFamily35,216 SF
Sold 08/06/2021
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$347
Total Square Footage:35,216 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$652,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,486.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,023.84
Annual Debt Service$696,286.13
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