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
$9,250,000
$355/SF
Building Size
26,031 SF
Asset Type
MultiFamily
Closing
May 24, 2020
AI
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)
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93