Updated Oct 25, 2024
Ashley And Julia Kim Acquire Multifamily Property On W. Washington Blvd For $1.175M
2324 West Washington Boulevard, Los Angeles, CA, USA
$1,175,000
$202/SF
Building Size
5,802 SF
Asset Type
MultiFamily
Closing
Jul 16, 2019
About this deal
AI
The multifamily property located at 2324 W. Washington Boulevard in Mid-City/Arlington Heights has been sold for $1,175,000. The transaction took place on 07/17/2019. The property spans across 5,802 square feet, resulting in a price per square foot of $202.52. The buyer, Ashley and Julia Kim, acquired the property from the seller, Tony Frayre. The deal was facilitated by broker Everett Wong from Greysteel LA.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Date: 07/17/2019
- Address: 2324 W. Washington Boulevard
- Market: Mid-City/Arlington Heights
The sale of this property represents a successful transaction in the Mid-City/Arlington Heights market. Ashley and Julia Kim, represented by broker Everett Wong, seized this opportunity to become the new owners of this multifamily asset.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Everett Wong to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93