Kingside Group Represents Sale Of Koreatown Multifamily Property For $4.4M
4938 Rosewood Ave, Los Angeles, CA, USA
$4,400,000
$269/SF
Building Size
16,314 SF
Asset Type
MultiFamily
Closing
Apr 30, 2019
AI
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.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93