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1801 Albion Street

Stefanie Kawasaki Purchases Multifamily Property From Allan Tam For $1.14M In Los Angeles
SOLDMultiFamily

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

Eric Chen

CBRE

Broker

$886.6M

vol

108 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

13.91%

Cash-on-Cash

-3.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93