Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,450,000
$366/SF
MultiFamily
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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