Updated Oct 28, 2024
Ming Ho Acquires Multifamily Property In West Adams For $9.5M
3500 Chesapeake Avenue, Los Angeles, CA, USA
$9,500,000
$464/SF
Building Size
20,449 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
About this deal
AI
A multifamily property located at 3500 Chesapeake Ave in the West Adams market has been sold for $9,500,000. The transaction took place on November 16, 2021. The property consists of 22 units, with a price per unit of $431,818. It spans a total area of 20,449 square feet, resulting in a price per square foot of $464.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,500,000
- Address: 3500 Chesapeake Ave
- Market: West Adams
The buyer of the property is Ming Ho, while Thomas James Homes served as the seller. The deal was facilitated by the real estate brokers Shaya Braverman, Dario Svidler, and Morgan McMullin, who are affiliated with Compass agency.
On the Map
$9,500,000
$464/SF
MultiFamily
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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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93