Chandu Patel Sells 30-Unit Multifamily In Koreatown For $8.6M With Jason Tuvia & Josh Yeager - Marcus & Millichap
SOLD
$8,625,000
California
See Similar DealsMultiFamily24,801 SF
Sold 11/03/2021
SOLD
Chandu Patel Sells 30-Unit Multifamily In Koreatown For $8.6M With Jason Tuvia & Josh Yeager - Marcus & Millichap
320 South Alexandria Avenue, Central LA, Los Angeles, CA, USA
See Similar DealsMultiFamily24,801 SF
Sold 11/03/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$347
Total Square Footage:24,801 SF
Transaction Type:Sale
The multifamily property located at 320 S. Alexandria Ave. in Koreatown has been sold for a total price of $8,625,000. The transaction took place on November 3, 2021. The property consists of 30 units, with an average price per unit of $287,500. The total square footage of the property is 24,801, resulting in a price per square foot of $347.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,625,000
- Address: 320 S. Alexandria Ave.
- Market: Koreatown
- Units: 30
- Average Price Per Unit: $287,500
- Square Footage: 24,801
- Price Per Square Foot: $347
The seller of the property is Chandu Patel. The deal was facilitated by Jason Tuvia and Josh Yeager from Marcus & Millichap. They represented the seller on behalf of their agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$460,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,642.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,886.90
Annual Debt Service$490,642.80
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