Neema Ahadian & Leo Laterza Broker Multifamily Sale In Koreatown For $4.8M
4114 Rosewood Avenue, Los Angeles, CA, USA
$4,800,000
$371/SF
Building Size
12,917 SF
Asset Type
MultiFamily
Closing
Feb 13, 2020
AI
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.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93