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.
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