Eitan Gonen Acquires Multifamily Property In Koreatown For $1.8M
SOLD
California
See Similar DealsMultiFamily7,042 SF
Sold
SOLD
Eitan Gonen Acquires Multifamily Property In Koreatown For $1.8M
2920 James M Wood Boulevard, Los Angeles, CA 90006, USA
See Similar DealsMultiFamily7,042 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:7042 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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