Updated Oct 29, 2024
8720 W Apartments LLC Acquires Multifamily Property In Koreatown For $2.58M
3960 West 8th Street, Koreatown, Los Angeles, CA, USA
$2,580,000
$333/SF
Building Size
7,728 SF
Asset Type
MultiFamily
Closing
Apr 21, 2019
About this deal
AI
A multifamily property located at 3960 W. 8th St. in Koreatown has been sold. The transaction took place on 04/22/2019 and the property was purchased for a total price of $2.58 million. The property has a total square footage of 7,728, resulting in a price per square foot of $333. The buyer of the property is 8720 W Apartments LLC, while the seller is West 8th Street Ventures.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2.58 million
- Address: 3960 W. 8th St.
- Market: Koreatown
Janet Neman and Angelica Gotzev represented the buyer, 8720 W Apartments LLC, in this transaction. They acted as the brokers for the buyer throughout the deal.
Players
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
6.15%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93