Kia Torkan Of ICO Group Acquires MultiFamily In Los Angeles For $4.5M
SOLD
$4,500,000
California
See Similar DealsMultiFamily12,357 SF
Sold 05/31/2024
SOLD
Kia Torkan Of ICO Group Acquires MultiFamily In Los Angeles For $4.5M
3625 Regal Place
See Similar DealsMultiFamily12,357 SF
Sold 05/31/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$364
Total Square Footage:12,357 SF
Transaction Type:Sale
The multifamily property located at 3625 Regal Place in Los Angeles was sold for $4,500,000. The property comprises 14 units with a total square footage of 12,357, resulting in a price per unit of $321,429 and a price per square foot of $364.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $4,500,000
- Units: 14
- Price Per Unit: $321,429
- Square Footage: 12,357
- Price Per Square Foot: $364
- Address: 3625 Regal Place
- Market: Los Angeles
The sale was facilitated by Rob Renshaw of Taksa Investment Group, representing the buyer, Kia Torkan from ICO Group Of Companies, in this real estate transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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