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1630 South Gramercy Place

No S. Myung Purchases Multifamily Property At 1630 South Gramercy Place For $2.55 Million
SOLDMultiFamily

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

Jon Rawson

Avenue Realty Group

Broker

$18.8M

vol

7 deals

Broker

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