Updated Dec 4, 2024
Conejo Simi Moorpark Association Of REALTORS Acquires MultiFamily Asset In Los Angeles
801 South Gramercy Place
$6,605,000
$201/SF
Building Size
32,832 SF
Asset Type
MultiFamily
Closing
Jun 14, 2024
About this deal
AI
The 48-unit Astor Arms Apartments at 801 South Gramercy Place in Los Angeles sold for $6,605,000. The property, built in 1927, offers views of Downtown and the Hollywood Hills, situated in the high-demand Koreatown neighborhood. It is conveniently located near the Western/Wilshire Metro Station.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,605,000
- Units: 48
- Price Per Unit: $137,604
- Square Footage: 32,832
- Price Per Square Foot: $201
- Address: 801 South Gramercy Place
- Market: Los Angeles
The buyer, represented by Conejo Simi Moorpark Association of REALTORS, acquired the property from the seller's representative, John Malouf of John Malouf Realty.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93