ROM Residential Sells Multifamily Property In Los Angeles For $15.9M
SOLD
$15,900,000
California
See Similar DealsMultiFamily45,345 SF
Sold 09/21/2022
SOLD
ROM Residential Sells Multifamily Property In Los Angeles For $15.9M
340 South Kenmore Avenue, Los Angeles, California 90020, United States
See Similar DealsMultiFamily45,345 SF
Sold 09/21/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:45,345 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$847,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,489.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,374.11
Annual Debt Service$904,489.34
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