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412 N Ardmore Ave, Los Ange...

David & Robyn Sewitz Acquire Multifamily Property In Koreatown For $2.5M
SOLDMultiFamily

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.

Players

David Leibowitz

IREA

Broker

$111.7M

vol

15 deals

Broker

David Sewitz

Buyer

$13.8M

vol

3 deals

Buyer

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