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Ming Ho Acquires Multifamily Property In West Adams For $9.5M

Property Image
SOLD
$9,500,000
Morgan Mcmullin
Dario Svidler
+ 1

California

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MultiFamily20,449 SF
Sold 11/16/2021
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Property Image
SOLD

Ming Ho Acquires Multifamily Property In West Adams For $9.5M

3500 Chesapeake Avenue, Los Angeles, CA, USA

See Similar Deals
MultiFamily20,449 SF
Sold 11/16/2021
Morgan Mcmullin
Dario Svidler
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$464
Total Square Footage:20,449 SF
Transaction Type:Sale

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.

Players

Morgan Mcmullin
17 deals$84.3M volume(310) 968-2454
BROKER

Dario Svidler
Partners CRE
31 deals$200M volume(818) 653-2663
BROKER

Shaya Braverman
Keller Williams Realty
10 deals$92.7M volume
BROKER


Compass
BROKERAGE

5 deals$118M volume
SELLER

Details

SOLD
IMAGE: Morgan McMullin, Dario Svidler & Shaya Braverman DATE: 11/16/2021 ADDRESS: 3500 Chesapeake Ave. MARKET: West Adams ASSET TYPE: Multifamily BUYER: Ming Ho SELLER: Thomas James Homes BROKERS: Shaya Braverman (@ShayaBrave), Dario Svidler (@Dario1515) & Morgan McMullin (@MorgramMcMullin) - Compass SALE PRICE: $9,500,000 UNITS: 22 ~ PPU: $431,818 SF: 20,449 ~ PPSF: $464

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$33,751.50
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