Stefanie Kawasaki Purchases Multifamily Property From Allan Tam For $1.14M In Los Angeles
1801 Albion Street & 1813 Albion Street
$1,140,000
$55/SF
Building Size
20,528 SF
Asset Type
MultiFamily
Closing
Aug 23, 2024
AI
The property involved in the transaction is a multifamily asset located at 1801-1813 Albion Street, Los Angeles. The sale was executed for a total price of $1,140,000, encompassing 5 units. The property spans a total square footage of 10,264, resulting in a price per unit of $228,000 and a price per square foot of $320.58.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,140,000
- Units: 5
- Square Footage: 10,264
- Price Per Unit: $228,000
- Price Per Square Foot: $320.58
- Buyer: Stefanie Kawasaki
- Seller: Allan Tam
- Brokers: Eric Chen & Justino L. Fa’aola - CBRE
The deal was facilitated by brokers Eric Chen and Justino L. Fa’aola from CBRE, who represented the transaction between the buyer, Stefanie Kawasaki, and the seller, Allan Tam. Their involvement ensured the smooth completion of the sale within the multifamily market in Los Angeles.
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
13.91%
Cash-on-Cash
-3.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93