Peter Larsen Acquires 31-Unit Multifamily Property In Koreatown For $6M
SOLD
$6,000,000
+ 1
California
See Similar DealsMultiFamily21,456 SF
Sold 04/15/2022
SOLD
Peter Larsen Acquires 31-Unit Multifamily Property In Koreatown For $6M
839 South Saint Andrew's Place, Los Angeles, California 90005, United States
See Similar DealsMultiFamily21,456 SF
Sold 04/15/2022
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$279
Total Square Footage:21,456 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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