Updated Sep 9, 2024
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
About this deal
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.
On the Map
$4,400,000
$269/SF
MultiFamily
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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