Terry Heller Acquires 8-Unit Multifamily Property In Koreatown For $1.6M
2757 San Marino Street, Koreatown, Los Angeles, CA, USA
$1,600,000
$253/SF
Building Size
6,308 SF
Asset Type
MultiFamily
Closing
Apr 26, 2019
AI
An off-market 8-unit multifamily property located at 2757 San Marino St in Koreatown has been sold. The transaction took place on April 27, 2019, with a sale price of $1,600,000. The property spans 6,308 square feet, resulting in a price per square foot of $253.65. The buyer, Terry Heller, acquired the property from the seller, Joon Um.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 2757 San Marino St
- Market: Koreatown
This 8-unit property offers two vacancies, ample parking, and storage facilities, making it an attractive investment in the heart of Koreatown. Terry Heller, the buyer, has expressed interest in acquiring more properties within Koreatown.
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93