Updated Feb 5, 2025
SIC Mariposa, LLC Acquires Multifamily Asset In Koreatown For $7.35M
238 South Mariposa Avenue, Central LA, Los Angeles, CA, USA
$7,350,000
$323/SF
Building Size
22,720 SF
Asset Type
MultiFamily
Closing
Dec 19, 2019
About this deal
AI
An multifamily property located at 238 S Mariposa Avenue in Koreatown has been sold for a price of $7,350,000. The property spans across 22,720 square feet with a price per square foot of $323.50. It consists of 40 units, resulting in a price per unit of $183,750. This transaction took place on December 20, 2019.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,350,000
- Address: 238 S Mariposa Avenue
- Market: Koreatown
Janet Neman and Angelica Gotzev from Janet Neman Real Estate served as the brokers in this deal. The buyer, SIC Mariposa, LLC, acquired the property from the seller, Optimus Properties, LLC.
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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93