ROM Residential Sells Multifamily Property In Los Angeles For $15.9M
340 South Kenmore Avenue, Los Angeles, California 90020, United States
$15,900,000
$350/SF
Building Size
45,345 SF
Asset Type
MultiFamily
Closing
Sep 20, 2022
AI
A multifamily property located at 340 S Kenmore Ave in Los Angeles, CA has been sold in a closed transaction. The property, consisting of 54 units and spanning 45,345 square feet, was sold by ROM Residential - Leeor Maciborski. The sale was facilitated by broker Robin Ossenbeck from Kidder Matthews. The transaction took place on 09/21/2022 and the sale price was $15,900,000, resulting in a price per unit of $294,444 and a price per square foot of $351.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,900,000
- Units: 54
- Price per Unit: $294,444
- Square Footage: 45,345
- Price per Square Foot: $351
The buyer and any financing details were not provided in the available information.
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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93