Updated Oct 28, 2024
Schon Tepler Group Acquires Multifamily Property In Koreatown For $7M
180 North Alexandria Avenue, Los Angeles, California 90004, United States
$7,000,000
$489/SF
Building Size
14,316 SF
Asset Type
MultiFamily
Closing
May 17, 2022
About this deal
AI
A multifamily property located at 180 N. Alexandria Ave. in Koreatown has recently been sold. The property consists of 14 units with a total square footage of 14,316. The sale price for the property was $7,000,000, resulting in a price per unit (PPU) of $500,000 and a price per square foot (PPSF) of $488.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Address: 180 N. Alexandria Ave.
- Market: Koreatown
- Units: 14
- Price per Unit (PPU): $500,000
- Total Square Footage (SF): 14,316
- Price per Square Foot (PPSF): $488
The sale was facilitated by Schon Tepler Group, with Artem Tepler and Paul Schon representing the seller. No additional information regarding the buyer or financing details were provided.
On the Map
$7,000,000
$489/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93