David & Robyn Sewitz Acquire Multifamily Property In Koreatown For $2.5M
412 N Ardmore Ave, Los Angeles, CA, USA
$2,500,000
$469/SF
Building Size
5,320 SF
Asset Type
MultiFamily
Closing
Sep 25, 2019
AI
A multifamily property located at 412 N. Ardmore Ave in Koreatown has been sold for $2,500,000. The property spans a total square footage of 5,320, resulting in a price per square foot of $469.92. This transaction involved the sale of four units, with a price per unit of $625,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Square Footage: 5,320
- Price per Square Foot: $469.92
- Address: 412 N. Ardmore Ave
- Market: Koreatown
- Buyer: David & Robyn Sewitz
- Seller: The Ando Group - Maria Anderson
- Broker: David Leibowitz
This transaction was facilitated by David Leibowitz, representing the buyer David & Robyn Sewitz. The Ando Group, with Maria Anderson as their representative, acted as the seller in this deal.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93