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
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
6.69%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93