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
$8,625,000
$347/SF
Building Size
24,801 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
AI
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93