David & Robyn Sewitz Acquire Multifamily Property In Koreatown For $2.5M
SOLD
$2,500,000
California
See Similar DealsMultiFamily5,320 SF
Sold 09/26/2019
SOLD
David & Robyn Sewitz Acquire Multifamily Property In Koreatown For $2.5M
412 N Ardmore Ave, Los Angeles, CA, USA
See Similar DealsMultiFamily5,320 SF
Sold 09/26/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$469
Total Square Footage:5,320 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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