Taylor Avakian & J.A. Charles Wright Of Matthews REIS Facilitate $9.25M Sale Of Multifamily Property In Koreatown
SOLD
$9,250,000
California
See Similar DealsMultiFamily26,031 SF
Sold 05/24/2020
SOLD
Taylor Avakian & J.A. Charles Wright Of Matthews REIS Facilitate $9.25M Sale Of Multifamily Property In Koreatown
515 South Saint Andrews Place, Los Angeles, CA, USA
See Similar DealsMultiFamily26,031 SF
Sold 05/24/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$355
Total Square Footage:26,031 SF
Transaction Type:Sale
A multifamily property located at 515 S Saint Andrews in Koreatown has been sold for $9,250,000. The transaction took place on May 24, 2021. The property spans a total area of 26,031 square feet, resulting in a price per square foot of $355. It consists of 40 units, with each unit valued at approximately $231,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,250,000
- Square Footage: 26,031
- Price per Square Foot: $355
- Number of Units: 40
- Price per Unit: $231,250
The sale of this property was brokered by Taylor Avakian and J.A. Charles Wright from Matthews REIS. (@Matthews_reis)
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63
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