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Stepp Commercial Brokers Sell 8-Unit Multifamily Property In Koreatown For $2.85M

Property Image
SOLD
$2,850,000

California

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MultiFamily8,047 SF
Sold 01/21/2021
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Property Image
SOLD

Stepp Commercial Brokers Sell 8-Unit Multifamily Property In Koreatown For $2.85M

821 South Gramercy Drive, Los Angeles, CA, USA

See Similar Deals
MultiFamily8,047 SF
Sold 01/21/2021
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$354
Total Square Footage:8,047 SF
Transaction Type:Sale

An eight-unit multifamily property located at 821 S. Gramercy Drive in Koreatown has been sold for $2,850,000. The property was sold on 01/21/2021, and it is situated in a prime location in Koreatown. The sale price per unit was $317,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,850,000
  • Units: 8
  • Price per Unit (PPU): $317,000

The sale of this multifamily property was facilitated by brokers Kimberly R. Stepp and Len Kay from Stepp Commercial. They represented the parties involved in the transaction and played a vital role in the successful completion of the deal.

Players

Len Kay
1 deal$2.9M volume
BROKER

Kimberly Stepp
Stepp Commercial
14 deals$58.8M volume
BROKER

Details

SOLD
IMAGE: Len Kay, Kimberly R. Stepp DATE: 01/21/2021 ADDRESS: 821 S. Gramercy Drive MARKET: Koreatown ASSET TYPE: Multifamily BROKERS: Kimberly R. Stepp & Len Kay @Stepp_Commercial SALE PRICE: $2,850,000 UNITS: 8 ~ PPU: $317,000

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Debt Service Coverage Ratio (DSCR)

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