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624 West 83rd Street

Steven Yunn Acquires 6-Unit Multifamily Property In Los Angeles For $2.45M
SOLDMultiFamily

Steven Yunn Acquires 6-Unit Multifamily Property In Los Angeles For $2.45M

624 West 83rd Street

$2,450,000

$366/SF

Building Size

6,684 SF

Asset Type

MultiFamily

Closing

Oct 6, 2023

AI

A multifamily property located at 624 West 83rd Street in Los Angeles has been sold for a total price of $2,450,000. The property consists of 6 units with an average price per unit of $408,333. The total square footage of the property is 6,684, resulting in a price per square foot of $367.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,450,000
  • Units: 6
  • Price per Unit: $408,333
  • Square Footage: 6,684
  • Price per Square Foot: $367
  • Address: 624 West 83rd Street
  • Market: Los Angeles

The buyer in this transaction is Steven Yunn, while the seller is Jeff Coghill. Lyon Stahl Investment Real Estate, represented by Evelyn Baez and Hythum Kiswani, acted as the seller's representatives in the deal.

Players

Evelyn Baez

Lyon Stahl Investment Real Estate

Broker

$13.8M

vol

6 deals

Broker

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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93