Jae Hoon Chong Acquires Multifamily Property In Los Angeles For $1.7M
SOLD
$1,725,000
California
See Similar DealsMultiFamily4,113 SF
Sold 03/15/2023
SOLD
Jae Hoon Chong Acquires Multifamily Property In Los Angeles For $1.7M
428 North Genesee Avenue
See Similar DealsMultiFamily4,113 SF
Sold 03/15/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:4,113 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56
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