Kingside Group Represents Sale Of Koreatown Multifamily Property For $4.4M
SOLD
$4,400,000
California
See Similar DealsMultiFamily16,314 SF
Sold 05/01/2019
SOLD
Kingside Group Represents Sale Of Koreatown Multifamily Property For $4.4M
4938 Rosewood Ave, Los Angeles, CA, USA
See Similar DealsMultiFamily16,314 SF
Sold 05/01/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$269
Total Square Footage:16,314 SF
Transaction Type:Sale
A multifamily property located at 4938 Rosewood Ave in Koreatown was recently sold for $4,400,000. The property consists of 16,314 square feet with 16 units. The price per square foot was calculated at $269.70. The purchase price per unit was $275,000. The property's capitalization rate is 3.88% and the gross rent multiplier is 15.26.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 4938 Rosewood Ave
- Market: Koreatown
The sale of this multifamily property was facilitated by brokers Daniel Shon and Andres Diaz from Kingside Group. They represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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