Updated Dec 16, 2024
Tzvi Ferszt Acquires Multi Family Properties In Country Club Park, Koreatown, And Downtown For $10.85M
2849 San Marino Street, Los Angeles, CA, USA
$10,854,500
$228/SF
Building Size
47,601 SF
Asset Type
MultiFamily
Closing
Nov 24, 2021
About this deal
AI
A multi-family property located at 2849 San Marino St., 1234-1240 4th Ave., 1714 S. Burlington Ave., and 1142 W. 7th St. has been sold in a recent transaction. The property is situated in Country Club Park, Koreatown, and Downtown, making it an attractive investment opportunity.
Summary of transaction details:
- Property Type: Multi Family
- Sale Price: $10,854,500
- Units: 79
- Price per Unit (PPU): $137,398
- Square Footage: 47,601
- Price per Square Foot (PPSF): $228
Tzvi Ferszt has acquired the property from Harriet Fox in this transaction. The deal was facilitated by Brent Sprenkle from Berkadia, who represented both parties in the negotiation.
On the Map
$10,854,500
$228/SF
MultiFamily
View full map
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Brent Sprenkle 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93