Neema Ahadian & Leo Laterza Broker Multifamily Sale In Koreatown For $4.8M
SOLD
$4,800,000
California
See Similar DealsMultiFamily12,917 SF
Sold 02/14/2020
SOLD
Neema Ahadian & Leo Laterza Broker Multifamily Sale In Koreatown For $4.8M
4114 Rosewood Avenue, Los Angeles, CA, USA
See Similar DealsMultiFamily12,917 SF
Sold 02/14/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:12,917 SF
Transaction Type:Sale
Located in the vibrant neighborhood of Koreatown, the multifamily property at 4114 Rosewood Avenue recently changed ownership. The transaction took place on February 14, 2020, and was facilitated by brokers Neema Ahadian and Leo Laterza of TheNeemaGroup. Spanning over 12,917 square feet, the property consists of 18 units, providing ample housing options for the residents of this bustling community.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 4114 Rosewood Avenue
- Market: Koreatown
The transaction resulted in a sale price of $4,800,000, at a price per square foot of $371.60. With a total of 18 units, the price per unit came to approximately $266,666. This deal showcases the demand for multifamily properties in Koreatown, reflecting the ongoing growth and appeal of the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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