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340 South Kenmore Avenue, L...

ROM Residential Sells Multifamily Property In Los Angeles For $15.9M
SOLDMultiFamily

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

Robin Ossenbeck

Kidder Mathews

Broker

$52.3M

vol

4 deals

Broker

Leeor Maciborski

ROM Residential

Seller

$45.8M

vol

3 deals

Seller

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