Sun Kim Acquires Multifamily Property In Los Angeles For $2.7M
SOLD
$2,695,000
California
See Similar DealsMultiFamily5,512 SF
Sold 10/24/2022
SOLD
Sun Kim Acquires Multifamily Property In Los Angeles For $2.7M
4350 Clarissa Avenue, Los Angeles, California 90027, United States
See Similar DealsMultiFamily5,512 SF
Sold 10/24/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$488
Total Square Footage:5,512 SF
Transaction Type:Sale
This multifamily property located at 4350 Clarissa Ave in Los Angeles, CA has been sold. The transaction took place on October 24, 2022. The property consists of 7 units and spans across 5,512 square feet. The sale price for this property was $2,695,000, resulting in a price per unit of $385,000 and a price per square foot of $489.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,695,000
- Address: 4350 Clarissa Ave, Los Angeles, CA
- Market: Los Angeles, CA
- Buyer: Sun Kim
- Seller: Robin Adkins
- Broker: Rob Renshaw - Taksa Investment Group
The buyer of this property is Sun Kim, while Robin Adkins served as the seller. The deal was facilitated by Rob Renshaw from Taksa Investment Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$143,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,574.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,775.67
Annual Debt Service$153,308.10
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