Updated Dec 4, 2024
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
About this deal
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
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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