No S. Myung Purchases Multifamily Property At 1630 South Gramercy Place For $2.55 Million
1630 South Gramercy Place
$2,550,000
$412/SF
Building Size
6,181 SF
Asset Type
MultiFamily
Closing
Oct 22, 2024
AI
The property involved in this transaction is a multifamily asset located at 1630 South Gramercy Place in Los Angeles. It has a sale price of $2,550,000 and consists of 7 units. The total square footage of the property is 6,181, resulting in a price per unit of $364,285 and a price per square foot of $412.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Units: 7
- Square Footage: 6,181
- Price Per Unit: $364,285
- Price Per Square Foot: $412
- Buyer: No S. Myung
- Seller: Jarrod Roback
- Broker: Jon Rawson - Avenue Realty Group
Jon Rawson from Avenue Realty Group represented the seller, Jarrod Roback, in this transaction, facilitating the deal for the multifamily property acquired by No S. Myung.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93