Updated Dec 21, 2023
Warren Berzack Acquires Multifamily Property In Koreatown For $5.9M
2921 Francis Avenue, Los Angeles, CA, USA
$5,900,000
$406/SF
Building Size
14,514 SF
Asset Type
MultiFamily
Closing
Oct 22, 2021
About this deal
AI
Located in Koreatown, the multifamily property at 2921 Francis Ave. has been sold in a recent transaction. The sale, which took place on October 22, 2021, involved a total of 30 units with a sale price of $5,900,000. This translates to an average price per unit of $196,666. The property spans a total area of 14,514 square feet, resulting in a price per square foot of $406.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Address: 2921 Francis Ave.
- Market: Koreatown
- Units: 30
- Price Per Unit: $196,666
- Square Footage: 14,514
- Price Per Square Foot: $406
The buyer in this transaction was Warren Berzack, while Brian Evans acted as the seller. The deal was facilitated by Zac Freehling, Jason Shenitzer, and Mick Jordan from Pacific Partners Real Estate Investments, who represented both parties in the transaction.
On the Map
$5,900,000
$406/SF
MultiFamily
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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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93