Updated Dec 4, 2024
Tea Young Choi Sells Multifamily Property in Los Angeles for $1.29M
740 South Fresno Street
$1,290,000
$396/SF
Building Size
3,253 SF
Asset Type
MultiFamily
Closing
Aug 28, 2023
About this deal
AI
A multifamily property located at 740 South Fresno Street in Los Angeles has been sold in a recent transaction. The property consists of two units and spans a total of 3,253 square feet. The sale price for this property was $1,290,000, resulting in a price per unit of $645,000. The price per square foot was calculated to be $397.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,290,000
- Units: 2
- Price Per Unit: $645,000
- Square Feet: 3,253
- Price Per Square Foot: $397
Akash Saini from Keller Williams represented the buyer, Tea Young Choi, in this transaction. No further information about the deal's key individuals and companies was provided.
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
12.30%
Cash-on-Cash
-3.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93