Updated Dec 21, 2023
Donald J. Hsueh Acquires Multifamily Property In Los Angeles For $3M
6508 Cerritos Place, Los Angeles, California 90068, United States
$3,000,000
$453/SF
Building Size
6,620 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
About this deal
AI
Located at 6508 Cerritos Pl. in Los Angeles, this multifamily property was recently sold in a closed transaction. The property spans a total of 6,620 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $453.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 6508 Cerritos Pl.
- Market: Los Angeles
The buyer, Donald J. Hsueh, acquired the property from the seller, Hyun Sook Park. The transaction was facilitated by brokers Zac Freehling and Tyler Farrar from Pacific Partners Los Angeles.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93