facebook
Traded Co logo
Submit

Jay Sung Ahn Acquires Multifamily Property In Los Angeles For $1.4M

Property Image
SOLD
$1,400,000

California

See Similar Deals
MultiFamily6,675 SF
Sold 10/03/2022
the dealplayerscompscontact
Property Image
SOLD

Jay Sung Ahn Acquires Multifamily Property In Los Angeles For $1.4M

645 North Cummings Street

See Similar Deals
MultiFamily6,675 SF
Sold 10/03/2022
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$209
Total Square Footage:6,675 SF
Transaction Type:Sale

The multifamily property located at 645-649 N Cummings Street in Los Angeles, CA has been sold in a recent transaction. The property consists of 5 units and spans across 6,675 square feet. The sale price for this transaction was $1,400,000, resulting in a price per unit of $280,000 and a price per square foot of $210.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 5
  • Price per Unit: $280,000
  • Square Footage: 6,675
  • Price per Square Foot: $210
  • Address: 645-649 N Cummings Street, Los Angeles, CA
  • Market: Los Angeles, CA

Jay Sung Ahn has acquired the property from Ana Morgan and Albert Otero. The sale transaction was facilitated by brokers Alexander Halimi and Elizabeth Clark from Douglas Elliman, as well as Jay Martinez from Kidder Matthews.

Players

Jay Martinez
41 deals$145.3M volume(310) 658-3375
BROKER

Alexander Halimi
Douglas Elliman
5 deals$10.5M volume(310) 560-1087
BROKER

Elizabeth Clark
Kidder Mathews
58 deals$181.6M volume(310) 740-7283
BROKER

Details

SOLD
IMAGE: Elizabeth Clark, Alexander Halimi & Jay Martinez DATE: 10/03/2022 ADDRESS: 645-649 N Cummings Street MARKET: Los Angeles, CA ASSET TYPE: Multifamily BUYER: Jay Sung Ahn SELLER: Ana Morgan & Albert Otero BROKERS: Alexander Halimi (@Hollywood_Halimi), Elizabeth Clark (@ElizabethClark_CRE) - Douglas Elliman & Jay Martinez (@JayMartinezKidder) - Kidder Matthews SALE PRICE: $1,400,000 UNITS: 5 ~ PPU: $280,000 SF: 6,675 ~ PPSF: $210

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57