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134 North Mariposa Avenue

Tony Azzi And Jennifer Sotelo Acquire Multifamily Building In Koreatown For $12.24M
SOLDMultiFamily

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

David Leibowitz

IREA

Broker

$111.7M

vol

15 deals

Broker

David F. Freeman

Seller

$24.5M

vol

2 deals

Seller

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