Updated Dec 21, 2023
Jong Suk Acquires Multifamily Property In Koreatown For $2.5M
441 South Commonwealth Avenue
$2,500,000
$248/SF
Building Size
10,049 SF
Asset Type
MultiFamily
Closing
Jan 6, 2023
About this deal
AI
A multifamily property located at 441 South Commonwealth Avenue in Koreatown has been sold. The property consists of 12 units with a total square footage of 10,049. The sale price for this transaction was $2,500,000, resulting in a price per unit of $208,333 and a price per square foot of $249.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 12
- Price per Unit: $208,333
- Square Footage: 10,049
- Price per Square Foot: $249
Jong Suk purchased the property from Ronald Haye. The transaction was facilitated by Ariel Sayani from Keller William Commercial.
Players
Koreatown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93