Eitan Gonen Acquires Multifamily Property In Koreatown For $1.8M
2920 James M Wood Boulevard, Los Angeles, CA 90006, USA
$1,800,000
$255/SF
Building Size
7,042 SF
Asset Type
MultiFamily
Closing
Apr 9, 2019
AI
A multifamily property located at 2920 James M Wood Blvd in Koreatown was recently sold for a price of $1,800,000. The property has a total area of 7,042 square feet, resulting in a price per square foot of $255.61. The transaction took place on April 10, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 2920 James M Wood Blvd
- Market: Koreatown
- Size: 7,042 square feet
- Price per Square Foot: $255.61
Eitan Gonen purchased the property from William & Chun Yick Lee. The transaction was facilitated by brokers Eric Dilanian & Zane Elhadary.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93