facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

503 South Catalina Street

Sonya Coke Acquires Multifamily Property In Los Angeles For $4.2M
SOLDMultiFamily

Sonya Coke Acquires Multifamily Property In Los Angeles For $4.2M

503 South Catalina Street

$4,200,000

$241/SF

Building Size

17,365 SF

Asset Type

MultiFamily

Closing

Jun 24, 2024

AI

The French Eclectic Apartments, a 12-unit multi-family property located at 503 South Catalina Street in Los Angeles's Mid-Wilshire submarket, were sold for $4,200,000. The property spans 17,365 square feet and was sold for $242 per square foot. The buyer, represented by Sonya Coke of Nourmand & Associates, acquired the well-preserved property with significant income upside potential.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Units: 12
  • Price Per Unit: $350,000
  • Square Feet: 17,365
  • Price Per Square Foot: $242
  • Market: Los Angeles
  • Address: 503 South Catalina Street

Sonya Coke of Nourmand & Associates represented the buyer, while Matthew Kanner of Keller Williams Realty represented the seller in the transaction involving The French Eclectic Apartments. The property offers a unique investment opportunity due to its well-preserved French Eclectic architectural details, making it an attractive acquisition for the buyer.

Players

Matthew Kanner

Keller Williams Realty

Broker

$96.3M

vol

10 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93