facebook
Traded Co logo
Submit

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

Property Image
SOLD
$4,500,000

California

See Similar Deals
MultiFamily12,357 SF
Sold 05/31/2024
the dealplayerscompscontact
Property Image
SOLD

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

3625 Regal Place

See Similar Deals
MultiFamily12,357 SF
Sold 05/31/2024
Contact now

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.

Players

Rob Renshaw
19 deals$146.1M volume(310) 776-0564
BROKER

Details

SOLD
IMAGE: Rob Renshaw DATE: 05/31/2024 ADDRESS: 3625 Regal Place MARKET: Los Angeles ASSET TYPE: MultiFamily BUYER: Kia Torkan (@Kia_Torkan) - ICO Group Of Companies BROKERS: Rob Renshaw (@RobRenshaw) - Taksa Investment Group (@TaksaInvestmentGroup) SALE PRICE: $4,500,000 UNITS: 14 ~ PPU: $321,429 SF: 12,357 ~ PPSF: $364

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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