Updated Oct 29, 2024
511 Rampart, LLC Acquires Multifamily Property In Koreatown Adjacent/Westlake For $4.7M
511 South Rampart Boulevard, Los Angeles, CA, USA
$4,656,000
$244/SF
Building Size
19,036 SF
Asset Type
MultiFamily
Closing
Oct 29, 2018
About this deal
AI
A multifamily property located at 511 S. Rampart Blvd in Koreatown Adjacent/Westlake was recently sold for $4,656,000. The property spans 19,036 square feet, resulting in a price per square foot of $244. The transaction took place on October 30, 2018.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,656,000
- Address: 511 S. Rampart Blvd
- Market: Koreatown Adjacent/Westlake
- Square Footage: 19,036
- Price Per Square Foot: $244
The buyer, 511 Rampart, LLC, acquired the property from the seller, Rampart 36, LLC. The deal was facilitated by brokers Janet Neman and Angelica Gotzev, representing the respective parties in the transaction.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93