Updated Oct 28, 2024
Team K Acquires Multifamily Property In Mid City For $1.7M
6079 Saturn Street, Central LA, Los Angeles, CA, USA
$1,700,000
$439/SF
Building Size
3,868 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
About this deal
AI
A multifamily property located at 6079 Saturn Street in Mid City was recently sold. The property was listed for an asking price of $1,700,000 and sold for the same price. The sale took place on June 25, 2021, and the transaction had a capitalization rate of 3.6%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
The buyer of the property was Team K, while MCA 1 acted as the seller. The seller was represented by Ara Markari and Alen Aydinian from Crown Mark Real Estate Group.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93