facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$4,200,000

California

See Similar Deals
MultiFamily17,365 SF
Sold 06/24/2024
the dealplayerscompscontact
Property Image
SOLD

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

503 South Catalina Street

See Similar Deals
MultiFamily17,365 SF
Sold 06/24/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$241
Total Square Footage:17,365 SF
Transaction Type:Sale

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
10 deals$96.3M volume
BROKER

Sonya Coke
Nourmand & Associates
1 deal$4.2M volume(323) 829-4440
BROKER

Details

SOLD
IMAGE: Sonya Coke & Matthew Kanner DATE: 06/24/2024 ADDRESS: 503 South Catalina Street MARKET: Los Angeles ASSET TYPE: Multifamily ~ ACRES: 0.39 BUYER'S REP: Sonya Coke (@SonyaCoke) - Nourmand & Associates (@Nourmandre) SELLER'S REP: Matthew Kanner (@MattyK_la) - Keller Williams Realty (@KellerWilliamsRealty) SALE PRICE: $4,200,000 UNITS: 12 ~ PPU: $350,000 SF: 17,365 ~ PPSF: $242 NOTE: Sonya Coke of Nourmand & Associates represented the buyer in the $4,200,000 purchase of The French Eclectic Apartments, a 12-unit multi-family property in Los Angeles's Mid-Wilshire submarket. Matthew Kanner of Keller Williams Realty represented the seller in the transaction, which offers significant income upside potential and features well-preserved French Eclectic architectural details.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71