Roman Group LLC Acquires Multifamily Property In Hancock Park For $4.5M
341 South Gramercy Place, Central LA, Los Angeles, CA, USA
$4,475,000
$284/SF
Building Size
15,738 SF
Asset Type
MultiFamily
Closing
Aug 14, 2019
AI
The sale of a multifamily property in Hancock Park has been finalized. The property, located at 341 S. Gramercy Pl, was sold for a price of $4,475,000. The transaction took place on 08/15/2019. The property spans across 15,738 square feet, resulting in a price per square foot of $284.34. Brent Sprenkle, representing the buyer Roman Group LLC, facilitated the deal.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,475,000
- Address: 341 S. Gramercy Pl
- Date: 08/15/2019
- Market: Hancock Park
- Square Footage: 15,738
- Price per Square Foot: $284.34
- Buyer: Roman Group LLC
- Seller: Gramercy Park, LLC
Brent Sprenkle, from an undisclosed agency, represented the buyer in this transaction. The sale of this multifamily property in Hancock Park marks a significant deal for all parties involved.
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
3.54%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93