Updated Sep 9, 2024
Jae Hoon Chong Acquires Multifamily Property In Los Angeles For $1.7M
428 North Genesee Avenue
$1,725,000
$419/SF
Building Size
4,113 SF
Asset Type
MultiFamily
Closing
Mar 15, 2023
About this deal
AI
A multifamily property located at 428 North Genesee Avenue in Los Angeles has been sold for a price of $1,725,000. The property consists of 4 units, with a price per unit of $431,250. It spans a total area of 4,113 square feet, resulting in a price per square foot of $419.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Units: 4
- Price per Unit: $431,250
- Square Footage: 4,113
- Price per Square Foot: $419
The buyer of the property is Jae Hoon Chong, while the seller is Tobi Taubman. The transaction was facilitated by Sam Liberow and Matt Ziegler from Marcus & Millichap.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Matt Ziegler to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93