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Leo Lee Acquires Multifamily Property In Los Angeles For $7.15M From Seller Kenneth Svilich

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SOLD
$7,150,000

California

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MultiFamily20,497 SF
Sold 02/22/2023
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SOLD

Leo Lee Acquires Multifamily Property In Los Angeles For $7.15M From Seller Kenneth Svilich

430 South Gramercy Place

See Similar Deals
MultiFamily20,497 SF
Sold 02/22/2023
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$348
Total Square Footage:20,497 SF
Transaction Type:Sale

The multifamily property located at 430 South Gramercy Place in Los Angeles has been sold in a closed transaction. The property consists of 30 units with a price per unit of $238,333. The total square footage of the property is 20,497, with a price per square foot of $349. The sale price for the transaction was $7,150,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,150,000
  • Address: 430 South Gramercy Place, Los Angeles
  • Units: 30
  • Price per Unit: $238,333
  • Square Footage: 20,497
  • Price per Square Foot: $349

The buyer for this transaction was Leo Lee, while Kenneth Svilich was the seller. The broker representing both parties in the deal was Keon Truth from The Mogharebi Group.

Players

Keon Truth
2 deals$18.3M volume
BROKER

Details

SOLD
IMAGE: Keon Truth DATE: 02/22/2023 ADDRESS: 430 South Gramercy Place MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Leo Lee SELLER: Kenneth Svilich BROKER: Keon Truth (@Onemorebroker) - The Mogharebi Group SALE PRICE: $7,150,000 UNITS: 30 ~ PPU: $238,333 SF: 20,497 ~ PPSF: $349

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$381,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,402.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,894.65
Annual Debt Service$406,735.77