Peter Larsen Acquires 31-Unit Multifamily Property In Koreatown For $6M
839 South Saint Andrew's Place, Los Angeles, California 90005, United States
$6,000,000
$279/SF
Building Size
21,456 SF
Asset Type
MultiFamily
Closing
Apr 14, 2022
AI
The multifamily property located at 839 S. St. Andrews Pl. in Koreatown has been sold for $6,000,000. The property consists of 31 units, with each unit having a price per unit (PPU) of $193,548. The total square footage of the property is 21,456, resulting in a price per square foot (PPSF) of $279.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 839 S. St. Andrews Pl.
- Market: Koreatown
The buyer of the property is Peter Larsen, while the sellers are Kami Younesi and Brandon Younesi. The deal was facilitated by brokers Michael Sterman, Elliot Sabag, and Jeff Louks from Marcus & Millichap.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93