Hwa Son Kim Acquires Multifamily Property In Hancock Park For $5.37M
SOLD
$5,365,000
California
See Similar DealsMultiFamily6,130 SF
Sold 09/14/2021
SOLD
Hwa Son Kim Acquires Multifamily Property In Hancock Park For $5.37M
537 North Orange Drive, Hancock Park, Los Angeles, CA, USA
See Similar DealsMultiFamily6,130 SF
Sold 09/14/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$875
Total Square Footage:6,130 SF
Transaction Type:Sale
Located at 537 N. Orange Dr. in Hancock Park, this multifamily property has recently been sold. The property features a total of 10 units, with a sale price of $5,365,000. This translates to a per unit price of $536,500. The property spans approximately 6,130 square feet, with a price per square foot of $875.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,365,000
- Units: 10
- Price per Unit: $536,500
- Square Footage: 6,130
- Price per Square Foot: $875
- Market: Hancock Park
The buyer of this property is Hwa Son Kim, while Reuven Gradon served as the seller. The transaction was facilitated by broker Michael Monempour.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$286,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,060.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,432.84
Annual Debt Service$305,194.05
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