Tzvi Ferszt Acquires Multi Family Properties In Country Club Park, Koreatown, And Downtown For $10.85M
SOLD
$10,854,500
California
See Similar DealsMultiFamily47,601 SF
Sold 11/24/2021
SOLD
Tzvi Ferszt Acquires Multi Family Properties In Country Club Park, Koreatown, And Downtown For $10.85M
2849 San Marino Street, Los Angeles, CA, USA
See Similar DealsMultiFamily47,601 SF
Sold 11/24/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:47,601 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$578,906.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,563.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,455.87
Annual Debt Service$617,470.41
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