Peter Kim Acquires Multifamily Property In Eagle Rock For $1.85M

A multifamily property located at 2244 Addison Way in Eagle Rock was recently sold for a price of $1,850,000. The property consists of 8 units with a total square footage of 4,354. The sale price per unit was $231,250 and the price per square foot was $425. The Gross Rent Multiplier (GRM) for the property was 14.09x, and the Capitalization Rate (CAP) was 4.53%. The property was sold by the Botezatu Trust to the buyer, Peter Kim.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,850,000
• Address: 2244 Addison Way
• Market: Eagle Rock

The sale of this multifamily property was facilitated by broker Dana Coronado from KW Commercial, who represented both the buyer, Peter Kim, and the seller, Botezatu Trust. Dana Coronado is affiliated with InCome Properties LA.