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3994 La Salle Avenue

Duk Hee Kang Buys 4-Unit Multifamily Building Near USC In Los Angeles
SOLDMultiFamily

Duk Hee Kang Buys 4-Unit Multifamily Building Near USC In Los Angeles

3994 La Salle Avenue

$2,370,000

$329/SF

Building Size

7,199 SF

Asset Type

MultiFamily

Closing

Jun 20, 2024

AI

3994 South La Salle Avenue in Los Angeles has been sold for $2,370,000. This multifamily property consists of four units, with a total square footage of 7,199 and a price per square foot of $329.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,370,000
  • Units: 4
  • Price per Unit: $592,500
  • Square Footage: 7,199
  • Price per Square Foot: $329
  • Address: 3994 South La Salle Avenue, Los Angeles
  • Market: Los Angeles

Duk Hee Kang from Everyday Investment Group Inc represented the buyer, while Drew Dunn from Four Brothers Real Estate represented the seller in this transaction. The quadplex, featuring modern amenities and three bedrooms in each unit, is located just 1.3 miles from USC, presenting a promising opportunity for high rental income and potential ADU conversions.

Players

Drew Dunn

Four Brothers Real Estate

Broker

$2.4M

vol

1 deal

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.69%

Cash-on-Cash

-1.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93