Kevin Kawaoka Of NAI Capital Represents Buyer In $6.35M Koreatown Multifamily Sale
SOLD
$6,350,000
California
See Similar DealsMultiFamily20,394 SF
Sold 01/24/2024
SOLD
Kevin Kawaoka Of NAI Capital Represents Buyer In $6.35M Koreatown Multifamily Sale
455 South Catalina Street
See Similar DealsMultiFamily20,394 SF
Sold 01/24/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$311
Total Square Footage:20,394 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$338,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,560.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,102.24
Annual Debt Service$361,226.88
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