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Roman Group LLC Acquires Multifamily Property In Hancock Park For $4.5M

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SOLD
$4,475,000

California

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MultiFamily15,738 SF
Sold 08/15/2019
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Property Image
SOLD

Roman Group LLC Acquires Multifamily Property In Hancock Park For $4.5M

341 South Gramercy Place, Central LA, Los Angeles, CA, USA

See Similar Deals
MultiFamily15,738 SF
Sold 08/15/2019
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$284
Total Square Footage:15,738 SF
Transaction Type:Sale

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

Brent Sprenkle
11 deals$112.5M volume(310) 470-4892
BROKER

Brent Sprenkle
NorthMarq
11 deals$112.5M volume(310) 470-4892
BROKER

Details

SOLD
IMAGE: Brent Sprenkle DATE: 08/15/2019 ADDRESS: 341 S. Gramercy Pl MARKET: Hancock Park ASSET TYPE: Multifamily PRICE: $4,475,000 SF: 15,738 PPSF: $284.34 BUYER: Roman Group LLC SELLER: Gramercy Park, LLC BROKERS: Brent Sprenkle

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$238,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,898.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,213.78
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