Updated Sep 9, 2024
Younglin Lim Acquires 4-Unit Hollywood Multifamily For $2.7M
620 N Serrano Ave, Central LA, Los Angeles, CA, USA
$2,705,000
$466/SF
Building Size
5,805 SF
Asset Type
MultiFamily
Closing
Jun 13, 2021
About this deal
AI
The multifamily property located at 620 N Serrano in Hollywood has been sold. The transaction took place on June 14, 2021, with a sale price of $2,705,000. The property consists of 4 units, with each unit having an average price of $676,250. The total square footage of the property is 5,805, resulting in an average price per square foot of $465.98. The property has a cap rate of 5.22%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,705,000
- Units: 4
- Price Per Unit: $676,250
- Square Footage: 5,805
- Price Per Square Foot: $465.98
- Cap Rate: 5.22%
The buyer of the property is Younglin Lim. The deal was facilitated by the brokerage firm, The 2-4 Unit Specialists, represented by Elizabeth Maddox and Ian Maddox.
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
5.86%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93