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

Property Image
SOLD
$2,370,000
Drew Dunn
DK

California

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MultiFamily7,199 SF
Sold 06/20/2024
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Property Image
SOLD

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

3994 La Salle Avenue

See Similar Deals
MultiFamily7,199 SF
Sold 06/20/2024
Drew Dunn
DK
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$329
Total Square Footage:7,199 SF
Transaction Type:Sale

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
Drew Dunn
1 deal$2.4M volume(949) 413-7911
BROKER
DK
Duk Hee Kang
1 deal$2.4M volume
BROKER

Details

SOLD
IMAGE: Drew Dunn DATE: 06/20/2024 ADDRESS: 3994 South La Salle Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER'S REP: Duk Hee Kang - Everyday Investment Group Inc SELLER'S REP: Drew Dunn - Four Brothers Real Estate SALE PRICE: $2,370,000 UNITS: 4 ~ PPU: $592,500 SF: 7,199 ~ PPSF: $329 NOTE: 3994 South La Salle Avenue in Los Angeles has been sold for $2,370,000, with Duk Hee Kang of Everyday Investment Group Inc representing the buyer and Drew Dunn of Four Brothers Real Estate representing the seller. This newly constructed quadplex, located just 1.3 miles from USC, features four units, each with 3 bedrooms and modern amenities, offering potential for high rental income and future ADU conversions to enhance investment returns in a rapidly growing area.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$126,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,420.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,235.01
Annual Debt Service$134,820.11