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3625 Regal Place

Kia Torkan Of ICO Group Acquires MultiFamily In Los Angeles For $4.5M
SOLDMultiFamily

Kia Torkan Of ICO Group Acquires MultiFamily In Los Angeles For $4.5M

3625 Regal Place

$4,500,000

$364/SF

Building Size

12,357 SF

Asset Type

MultiFamily

Closing

May 31, 2024

AI

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.

Players

Rob Renshaw

Taksa Investment Group

Broker

$146.1M

vol

19 deals

Broker

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93