Michael M Brown Purchases Multifamily Asset From Hyoung Man Pak For $5.288 Million In Carson
SOLD
$5,288,000
California
See Similar DealsMultiFamily9,010 SF
Sold 04/18/2025
SOLD
Michael M Brown Purchases Multifamily Asset From Hyoung Man Pak For $5.288 Million In Carson
440 East Sepulveda Boulevard
See Similar DealsMultiFamily9,010 SF
Sold 04/18/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$586
Total Square Footage:9,010 SF
Transaction Type:Sale
A multifamily asset located at 440 East Sepulveda Boulevard in Carson has been sold. The property, which comprises 11 units, was constructed in 2016 and features a total square footage of 9,010. The transaction concluded at a sale price of $5,288,000, resulting in a price per unit of $480,727 and a price per square foot of $586.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,288,000
- Units: 11
- SF: 9,010
- PPU: $480,727
- PPSF: $586
- Buyer: Michael M Brown
- Seller: Hyoung Man Pak
- Seller's Rep: Hazel Brown & Hythum Kiswani - Lyon Stahl Investment Real Estate
The transaction highlights strong investor demand for well-located, low-maintenance assets, as noted by the broker representatives involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,026.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,787.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,067.82
Annual Debt Service$300,813.81
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