Updated Oct 29, 2024
Mijo Kim Acquires Multifamily Property On Sycamore Ave. For $2.55M
157 S Sycamore Ave, Los Angeles, CA 90036, USA
$2,550,000
$347/SF
Building Size
7,348 SF
Asset Type
MultiFamily
Closing
Aug 19, 2020
About this deal
AI
The multifamily property located at 157 S Sycamore Ave. has been sold for a total price of $2,550,000. Spanning over an area of 7,348 square feet, the property was sold at an average price of $34 per square foot. The transaction took place on August 20, 2020, with the buyer being Mijo Kim and the seller being The Bernard Mendelsohn Trust.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 157 S Sycamore Ave.
- Square Footage: 7,348
- Price per Square Foot: $34
Mijo Kim, represented by Thomas Magiar from KW, acted as the buyer in this transaction. On the other hand, James Brechlin from CBRE represented The Bernard Mendelsohn Trust as the seller. The involvement of these key individuals and companies played a crucial role in facilitating the successful sale of the property.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit CBRE to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93