Kevin Kawaoka Of NAI Capital Represents Buyer In $6.35M Koreatown Multifamily Sale
455 South Catalina Street
$6,350,000
$311/SF
Building Size
20,394 SF
Asset Type
MultiFamily
Closing
Jan 24, 2024
AI
Located at 455 S Catalina Street in Los Angeles, this multifamily property was sold for $6,350,000. The transaction involved a total of 32 units, equating to a price per unit of $198,438. The property spans 20,394 square feet, translating to a price per square foot of $311.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,350,000
- Units: 32
- Price Per Unit: $198,438
- Square Footage: 20,394
- Price Per Square Foot: $311
- Address: 455 S Catalina Street, Los Angeles
- Market: Koreatown | Wilshire Center
- Seller: Denis Sullivan
- Buyer's Rep: Kevin Kawaoka - NAI Capital
The sale of this property was facilitated by Kevin Kawaoka from NAI Capital, representing the buyer in the transaction.
Players
Los Angeles 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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93